Technical Analysis of Intraday Price Movement of Ethereum Cryptocurrency, Friday October 13, 2023.
October 13, 2023 7:25 am
Although the condition of Ethereum Cryptocurrency still weaken on its 4 hour chart, where it is seen by all the Ichimoku indicator condition gives the sign that this cryptocurrency is on the downside condition. But, with the appearance of the Descending Wedge pattern gives the clue for the appearance of turning point potential for the Ethereum in the near future where this Cryptocurrency has the potential to test the level 1577,32 and as long as no exceed the level 1616,92 also If this level is strong enough to hold back the rate of strengthening of Ethereum, this cryptocurrency will weaken again down to level 1520,86.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
Although the condition of Ethereum Cryptocurrency still weaken on its 4 hour chart, where it is seen by all the Ichimoku indicator condition gives the sign that this cryptocurrency is on the downside condition. But, with the appearance of the Descending Wedge pattern gives the clue for the appearance of turning point potential for the Ethereum in the near future where this Cryptocurrency has the potential to test the level 1577,32 and as long as no exceed the level 1616,92 also If this level is strong enough to hold back the rate of strengthening of Ethereum, this cryptocurrency will weaken again down to level 1520,86.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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