"Jack's Trading Classroom: ETHUSD Bulls Continue"

On November 12, 2020, we published a technical analysis "ETHUSD Ethereum Short Review", in which we mentioned that Ethereum was in a bullish pattern based on indicators, and a breakout above the previous high was likely to continue the uptrend.

Currently, we are seeing a small hour K-line chart for ETHUSD. After the upper triangle convergence resistance trend line in the Ethereum chart was broken through, the high point continued to be broken through, forming a trend of synchronous rising lows and highs, considered a standard upward channel.

The EMA (Exponential Moving Average) also maintains the viewpoint from yesterday, forming a bullish arrangement. Until a top pattern appears above, the future trend continues to be more objectively and reasonably bullish. Support and resistance levels are referenced by the black horizontal lines in the chart. Best wishes for successful trading.

In recent days, the digital currency market has experienced significant fluctuations. It is recommended that operators strictly implement risk control measures and avoid high leverage and high contract volume operations to prevent additional losses caused by volatile market conditions. This article is a personal opinion, please read with caution, as cryptocurrency trading may pose risks to your capital.
WeChat Official Account: Jack's Trading Classroom
Public Telegram Group: https://t.me/jackscrypto