[Dec 23] ETHUSD are expected to be bullish in the next following days？

บทที่ 2 [Dec 23] ETHUSD are expected to be bullish in the next following days？

In today's analysis, we'll be focusing a bit on crypto, most specifically, Ethereum!

[Dec 23] ETHUSD are expected to be bullish in the next following days？-รูปภาพที่ 1

As seen in the 4 hour chart, the ETHUSD has been in a decline printing Lower Highs and Lower Lows. This has caused the market to print a bearish upper trendline. Last December 15, the market provided a strong impulse to the upside. The price has since then consolidated its way into breaking through the upper trendline.

THE CONFLUENCES

We are expecting a bullish price action in the next following days following the break and retest of the upper trendline and a bounce off the 50 Moving average and 38.2% Fibonacci Retracement level. Price should eventually break through the $4100 key area in which a resistance could be spotted.

Risk Warnings and Investment Disclaimers

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