In the second half of December, ETHUSD drew a consolidation form called "diamond".
Another 2-3 days and this configuration will be completely finished.
What will be the next form?
Now the rate found support on the slow moving average of the daily chart (see the figure). In November and December, this average showed support to the rate twice, providing a base for new growth waves.
Trend indicators are in the purchase on the daily and the weekly charts.
Looking at the daily chart, a new wave of growth is more likely in the upcoming days.
On the weekly chart, there is still a lot of space for consolidation and even correction (the slow moving average is noticeably behind the current price)
Taking into account all of the above, in the near future a flat trend with approximate borders of $ 600 - $ 800 is the most likely picture
After leaving the specified range, we will conduct new analysis.
Follow our news and analytic materials!
Another 2-3 days and this configuration will be completely finished.
What will be the next form?
Now the rate found support on the slow moving average of the daily chart (see the figure). In November and December, this average showed support to the rate twice, providing a base for new growth waves.
Trend indicators are in the purchase on the daily and the weekly charts.
Looking at the daily chart, a new wave of growth is more likely in the upcoming days.
On the weekly chart, there is still a lot of space for consolidation and even correction (the slow moving average is noticeably behind the current price)
Taking into account all of the above, in the near future a flat trend with approximate borders of $ 600 - $ 800 is the most likely picture
After leaving the specified range, we will conduct new analysis.
Follow our news and analytic materials!
