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 (ETH/USD) is trading around $2,305, below the 21SMA and within a descending trend channel formed on April 17th. This indicates exhaustion of the upward momentum and suggests a likely decline in the coming days.
After a strong push towards the $2,400 zone, ETH failed to consolidate above this level, resulting in a technical correction. ETH has shown weakness in recent hours, and a sharp break below the main ascending trend channel around $2,300 could be seen as a sell signal, with targets around the 200-period moving average of $2,230. It could even reach the lower band of the descending trend channel around $2,180.
If ETH/USD recovers in the next few hours and reaches the upper band of the descending trend channel around $2,375, it could be seen as an opportunity to open short positions with targets at $2,300 and $2,230 around the 200 EMA.
A sharp break of the ascending trend channel formed since March 30th and consolidation below the 200 EMA around $2,230 could signal the start of a new bearish scenario, and we could expect Ethereum to reach the low of $1,845 around the 6/8 Murray in the coming days.
The Eagle indicator is showing a negative signal. So, if there is a pullback towards the resistance zone of $2,380, it could be considered an opportunity to open short positions.
*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।
