Long
ETH bullish
ETH looking good, my target for this month is 300eur.
Higher low -new bullish chanel was formed, cruicial resistance at 200(eur) was broken above, huge symm triangle was formed and ETH jumped quite high - currently support is at around 230. We are close to fib 0.5 and the next resistance point at 260. If ETH will cross it, next station is the resistance at 280-285 which is also fib 0.618. I am sure there will be some dips but overall if eth stays in the bullish chanell we are up.
Higher low -new bullish chanel was formed, cruicial resistance at 200(eur) was broken above, huge symm triangle was formed and ETH jumped quite high - currently support is at around 230. We are close to fib 0.5 and the next resistance point at 260. If ETH will cross it, next station is the resistance at 280-285 which is also fib 0.618. I am sure there will be some dips but overall if eth stays in the bullish chanell we are up.
Note
Target reached. Nice rally today.Note
We can expect 300 area test again. If ETH will break it up new target is 320 (0.786 fib), if down 0.6 fib is the support. If eth will be able to break the current short term bullish channel upwards my target is 370EUR. Good luck guys!Note
320 reached, I expect small dip and then fib1 and new ATH test. Happy trading guys!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.