The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Ethereum rallied after registering a new false breakdown below the 4,000 psychological level. It has appreciated by 10.33% from 3,965 yesterday's low to 4,374 today's high. The crypto started to increase again as the price of Bitcoin has turned to the upside.
In the short term, ETH/USD is trading sideways, the price action signaled that the downside is over. Still, the price stands below strong dynamic resistance, only a valid breakout through it may signal a larger growth.
Technically, ETH/USD has found support again below the 38.2% (4,025.21) retracement level. It has failed to approach and reach the descending pitchfork's lower median line (LML) signaling a strong upside pressure.
The upper median line (UML) stands as a dynamic resistance. You can see that the price movement was stalled by this upside obstacle. Stabilizing above the weekly pivot point (4,257) followed by a valid breakout above the upper median line (UML) could activate an upside continuation.
Jumping, closing, and stabilizing above the upper median line (UML), a valid breakout could announce potential further growth towards the 4,868.79 all-time high. Its failure to reach the former lows or to stabilize below the 4,000 psychological level signaled that the corrective phase is over.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
