*First Idea Published*
Looking for ETHUSD Breakout to a new ATH with target of $935.
Broke previous resistance starting from past ATH. Now testing the top of this ascending triangle.
New channel forming on this uptrend. May retest the support before breaking through the strong resistance set by the previous ATH.
Looking for ETHUSD Breakout to a new ATH with target of $935.
Broke previous resistance starting from past ATH. Now testing the top of this ascending triangle.
New channel forming on this uptrend. May retest the support before breaking through the strong resistance set by the previous ATH.
Note
Watch for target price. This breakout is not yet confirmed on the 2H, it could close lower. But with 15 minutes to go I don't expect it to do so. Enjoy the gains!Trade active
This flag forming is a great time for entry. It is nearly exactly half way between the 1.0 to 1.618 fib extension - a great indicator that it should continue to the target price.
Trade closed: target reached
Close enough to target. Closed trade at $918.69 for $204 profit per coin traded.
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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.