ETHUSD - BREAKOUT PATTERN FORMING IN LOWER TF (BULLISH)
ETDUSD is forming a symmetrical triangle in 4 hours TF chart.
Trend is bullish, higher probability that the price will be breaking out to the upside. With nice weekly candle closing, expecting more price upward action this week.
Target of the breakout is around USD 1750-1800.
Currently price finding support around USD 1280-1300 area which is acting as resistance previously. Resistance turn into support, very good indication of upward price section.
Trend is bullish, higher probability that the price will be breaking out to the upside. With nice weekly candle closing, expecting more price upward action this week.
Target of the breakout is around USD 1750-1800.
Currently price finding support around USD 1280-1300 area which is acting as resistance previously. Resistance turn into support, very good indication of upward price section.
Note
The price move upward as expected from 1300 support line, breakout should happens soon.Note
Price testing resistance again, found support around 1390 area, expecting to move upward soon to the targets.Note
There will be one more upward channel resistance around 1550-1600 area, if this area is broken, we might able to reach 1800-2000 area pretty soon.Note
Beautiful price section as predicted, ETH going for another ATH very soon today.Note
Taking partial profit around USD 1600, left the remaining to USD 2000
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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.