ETHUSD Long
ETH looks pretty bullish on the weekly chart, trying to pop out above the trendline. The long-term targets look encouraging, e.g. 6k as a first target at the 1.27 with 18k as an ultimate target. A close below $1600 would call this strategy into question and a close below $1350 invalidate it.
Note: the Fib lines line up with multiple support/resistance lines as validation.
Note: the Fib lines line up with multiple support/resistance lines as validation.
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.