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ETH Spot The Breakout Buy The Breakout
Ethereum
Long
ETH Spot The Breakout Buy The Breakout
By ThawonP
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Dec 7, 2020
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Dec 7, 2020
+After ETH first attempt for the level 618 we saw a 20% correction a few days ladder.
+ETH can came down its a resistance now turned support $485
+Since wicking $485 ETH laddered up for another attempt at 618 but this time closed above and wicked $636
+Unfortunately this attempt failed to keep pumping and we came down to $564
+$564 is a support right before the 618 valley I spotted on the 4 hour timeframe.
+This is a great sign for ETH because it is make higher lows and laddering up in price.Which is also level adaption.
+You can see that ETH as created confirmed bullish trend line on the 1 hour after 3 taps.
+I drew a Bearish trend line on body of the candle $636
+ETH is just getting started and I believe after the close of $618 we will see a very nice pump.
1st TP $714📊
2nd TP $784📊
+Keep in mind These are going to be swing trades no way will these targets get hit in 1 day.
+Thanks for Reading my TA on ETH and remember traders Stress Less,Profit More the best is yet to come!
Beyond Technical Analysis
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Ethereum (Cryptocurrency)
Fundamental Analysis
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