De_Newmaster 🌈 🗣️🌎⚡
@denewmaster
🔥 ETH Eyes $10,000—But One Key Resistance Stands in the Way! 🚀🪙 Ethereum might target $10,000 if it breaks this technical analysis pattern's resistance line. ETH uses technical analysis (TA) patterns. Parallel Channels occur when an asset's price consolidates between two parallel trendlines. The Parallel Channel with trendlines parallel to the time-axis is of importance in this topic. This kind occurs when cryptocurrency consolidates precisely sideways. Like other consolidation patterns in TA, the Parallel Channel's top level is considered resistance and the lower support. Breaking either barrier might indicate a trend continuance. It might be bullish to rise above the channel and bearish to dip below it.
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Whezy
@whezy
ETH to the moon 🚀
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