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Ethereum
Long

ETH CONTINUATION PATTERN

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ETHUSD AND BTCUSD Has been a in Correction phase after a bullish trend run. This bullish momentum doesn’t seems to be over yet.


From our previous analysis
WHY ETHUSDT MIGHT HIT $5,000 ABOVE


ETH BROKE OUT OF PRECIOUS CONSOLIDATION TO RETEST BACK ON THE TREND LINE. TO FIND ENTRY SIMPLY WAIT FOR A PULLBACK INTO THAT SUPPORT LEVEL OF RED AND YELLOW BAR. TAKE PROFIT $4000-500k.


ETH LOOKING TO FORM ALL TIME HIGH. JUDGING FROM THE PREVIOUS TREND, ON WEEKLY TIMEFRAME YOU WILL SEE IT FORMS BULLISH FLAG. SAME TIME HAPPENS ON DAILY TIMEFRAME, THE MARKET HAVE RETEST BACK ON THE TRENDLINE WE MIGHT ANOTHER BULL RUN FORM BTC AND ETH. FOLLOW FOR MORE UPDATES
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FlagMultiple Time Frame AnalysisTrend Lines
Money_Pips
Also on:

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.