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!
The ETH/USD pair is trading around $2,322 within a downtrend channel that has been forming since April 15 and is showing signs of exhaustion after rebounding above $2,254.
ETH could continue its fall in the coming hours until it reaches the 200 EMA. It could even reach the 2/8 Murray line around $2,187.
Given that Ethereum is currently within this range, a breakout toward the 3/8 Murray line at $2,343 or toward the upper band of the uptrend channel around $2,365 could be considered an opportunity to open short positions with targets at $2,187.
The strong resistance at $2,500, located around the 4/8 Murray line, keeps Ethereum under bearish pressure. On April 17, the cryptocurrency attempted to reach this zone but was unsuccessful. On several occasions, the price has managed to rise but has been unable to enter this zone.
According to the technical chart, the Japanese candlesticks indicate a consolidation of ETH and a possible technical reversal in the coming days. Ehtereum is expected to reach the 1/8 Murray line around $2,031, or could reach the psychological level of $2,000.
*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।
