I think $2000 Ethereum is right around the corner, the ball is going to drop any moment. I large chain reaction will take place, there will come a time where Ethereum breaks it's all-time high once again and smashes my previous long term target of $1920.
Remember to use risk management, I am keeping the context of this idea fairly short. I was waiting for an entry based on my last Ethereum forecast. I replotted a Fibonacci retracement for the purpose of this chart, we have seemingly found support on the .236 and have had three bounces both on the top and bottom of the ascending wedge we are currently in.
If we break down I will likely close part of my position and wait before I continue trading Ethereum.
Remember to use risk management, I am keeping the context of this idea fairly short. I was waiting for an entry based on my last Ethereum forecast. I replotted a Fibonacci retracement for the purpose of this chart, we have seemingly found support on the .236 and have had three bounces both on the top and bottom of the ascending wedge we are currently in.
If we break down I will likely close part of my position and wait before I continue trading Ethereum.
Trade active
Added to my long position during the dip around 1765.
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Instagram: instagram.com/countoncrypto/
Telegram Profits: t.me/CountOnCryptoProfits
Telegram Reviews & Testimonials: t.me/CountOnCryptoReviews
Telegram Contact: t.me/CountOnCrypto
Telegram Profits: t.me/CountOnCryptoProfits
Telegram Reviews & Testimonials: t.me/CountOnCryptoReviews
Telegram Contact: t.me/CountOnCrypto
Related publications
Disclaimer
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.