RLinda ! ETHUSDT-> pullback to the resistance. What's next?

30 Ağu 2022

ETHUSDT We see a manifestation of the strength of the bears, in the last idea I pointed out all the prerequisites for a further fall. The price is trading in a local downtrending price channel and after trying to reach support at 1355, but not reaching, we see a pullback.

I assume since the trend was broken earlier, globally, the bears are strong at the moment and I think the channel resistance and resistance zone may play on further developments.

There are several important liquidity zones on the chart, such as 1355, 1200, 1050 and 915, I assume that the price can head in that direction.

I assume, as we see a pullback on higher volatility to resistance, I think the level will most likely not be broken, I expect a fall. The short-term target is support at 1355.

Regards R.Linda!