Lingrid | ETHUSDT consolidation Before EXPANSION
2025-01-29
Category: None

BINANCE:ETHUSDT  continues to consolidate above the 3000 level. On the daily timeframe, the price has formed a descending triangle pattern the indicates potential breakout. On the weekly timeframe, the last weekly candle is a long-tailed bar, which indicates that the price may potentially may move below this psychological level. Zooming out, we can see that the price has bounced off the support zone between 2800 and 2900 multiple times. I expect the market to push lower towards the support zone before rebounding, potentially followed by bullish momentum. My goal is ressiatance zone around 3525


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