Hello, community members welcome to this ETH/USDT 1hr chart update by Domino crypto.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.
Now, Let's get to the chart,
As I mentioned in my previous 1hr chart ETH/USDT moved really well.
Now, As we can see from the above-mentioned chart that after breaking down to a bearish flag ETH moved 6% from the lower trend line.
In the current scenario ETH heading towards the lower trend line of a bearish flag after printing a small bullish divergence in RSI on a green support zone.
Till now ETH pumped almost 3.5% from the lower support zone.
Here I am expecting a break to the lower trend line of this bearish flag and ETH will move back inside again and pump all the way towards the upper trend line breaking this pattern to enter a bullish mode for the short term towards the price level of $2500.
INVALIDATION: candle close below the lower green support in a 1hr time frame will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.
Now, Let's get to the chart,
As I mentioned in my previous 1hr chart ETH/USDT moved really well.
Now, As we can see from the above-mentioned chart that after breaking down to a bearish flag ETH moved 6% from the lower trend line.
In the current scenario ETH heading towards the lower trend line of a bearish flag after printing a small bullish divergence in RSI on a green support zone.
Till now ETH pumped almost 3.5% from the lower support zone.
Here I am expecting a break to the lower trend line of this bearish flag and ETH will move back inside again and pump all the way towards the upper trend line breaking this pattern to enter a bullish mode for the short term towards the price level of $2500.
INVALIDATION: candle close below the lower green support in a 1hr time frame will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you.
