ETHUSD was identified at around 3824.62 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 3924.0614 level.
Supported by RSI below 40
Target: 3924.0614 Entry: 3824.62 Stop: 3758.9