Ethereum is getting bounce from the strongest support of broadening formation

 Hey dear patrons, hope you are well and welcome to the new update on the Ethereum coin.


The price line of ETH has formed a broadening formation and again taking bounce from the support of this pattern.

https://www.tradingview.com/chart/ETHBTC/ht7b0Dry-Ethereum-is-getting-bounce-from-the-strongest-support/ 

 

There is also 50 simple moving average support as well.
After the bounce, the next move can be up to 0. 05 btc , and definitely, it will be a more powerful move against the USD as well.
The support of the broadening formation should be used as a stop loss.

 
 
 
 

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