EthereumLong
ETH - Past resistance now support while pushing to break $850
In my past idea, I told you to expect this breakout, which quickly broke the past resistance and has retraced half way to the target price of $935 (tradingview.com/chart/ETHUSD/I8HCRBuG-ETHUSD-2H-Breakout-to-new-ATH/).
This past resistance level is now acting as support for the ascending triangle to break past resistance at $850. If it doesn't break $850 on this run, expect it to fall back into the previous channel and be testing $850 by week's end. Still long on this position from $725, so lots of profit already made.
This past resistance level is now acting as support for the ascending triangle to break past resistance at $850. If it doesn't break $850 on this run, expect it to fall back into the previous channel and be testing $850 by week's end. Still long on this position from $725, so lots of profit already made.
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.