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Cryptocurrencies Market Update ➡️ Solid ECN
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[QUOTE="SOLIDECN, post: 209455, member: 80239"] [JUSTIFY][img]https://i.ibb.co/H4gGCQy/ethusd-forum-2.png[/img][/JUSTIFY] [HEADING=1][JUSTIFY]ETH USD, H4[/JUSTIFY][/HEADING] [JUSTIFY]On the four-hour chart, the Bear flag price pattern formed, which has completely completed its formation, reaching 1079.74. At this support level, sellers met resistance caused by forming a "bullish" Engulfing pattern, which included a reversal model of the Hammer candlestick analysis. In this situation, it is obvious that the asset is strongly oversold, and the "bulls" will be able to win back part of the lost positions successfully. After the breakout of the resistance level of 1429.97, the upward dynamics will continue to the area of 1746.30–2153.01. If the support level of 1079.74 is held, the quotes may go down to 898.98–565.22. [img]https://i.ibb.co/XbxpBKt/ethusd-2.png[/img][/JUSTIFY] [HEADING=1][JUSTIFY]ETH USD, D1[/JUSTIFY][/HEADING] [JUSTIFY]On the daily chart, the Downwards triangle price pattern has completed its formation, and now there is the formation of a "bearish" Three black crows candlestick analysis pattern, which signals a continuation of the downtrend. At the support level of 1079.74, a Hammer reversal pattern is formed, indicating a possible reaching of the base price. After successfully forming this pattern, the scenario with an upward trend seems to be the most probable. Consolidating of the "bullish" positions above the resistance level of 1429.97 will allow the asset to head higher to the range of 1746.30–2153.01. [B]Resistance levels[/B]: 1429, 1746, 2153 | [B]Support levels[/B]: 1079, 898, 565 [img]https://i.ibb.co/44tX27z/ethusd-1.png[/img][/JUSTIFY] [/QUOTE]
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