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 $1,701, having staged a strong recovery from yesterday's Asian session, when it traded around $ 1,600. A recovery of more than 6% suggests that ETH could enter overbought territory.
If we look at the H4 chart, we can see that Ethereum has reached the upper band of the uptrend channel formed since June 25. This area, which also coincides with the 200 EMA, could be seen as an opportunity to open short positions in anticipation of a drop to $1,672 or even a retest of the 1/8 Murray level around $1,625.
During Friday's US trading session, US economic data will be released, which could affect Ethereum's momentum, and we could see a sharp drop from $1,750.
Given that the Eagle indicator has reached overbought levels, we will look for opportunities to sell in the coming hours, provided that Ethereum reaches $1,730 or $1,750—both levels will present 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।
