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!
ETH/USD is trading around 3,092.21 forming a bullish flag pattern on the H4 chart. If Ether breaks sharply above 3,150, the signal for this pattern could be confirmed and we could expect it to reach the top of the downtrend channel around 3,360.
In case Ethereum fails to break and confirm the flag pattern signal, we could expect the decline to continue and ETH could reach 1/8 Murray located at 2,812. Below this area, it could reach the psychological level of 2,500.
We believe that Ether could have a bullish rally in the coming days since conditions are preparing for a bullish impulse so that the token could reach 4/8 Murray around 3,750.
A sharp break above the downtrend channel forming since early April as well as a consolidation above 3,380 and above the 200 EMA could confirm the bullish move. Therefore, we could expect ETH to reach 3,579 which represents the April 7 high and finally, 3,750.
The eagle indicator is approaching the oversold zone. It means that ETH/USD is likely to see a bullish rally in the coming days and we could look for opportunities to buy only if the price consolidates above the psychological level of $3,000.
*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।