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ETH RE-Entry Incoming
Ethereum
Long
ETH RE-Entry Incoming
By ThawonP
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Dec 21, 2020
1
Dec 21, 2020
+ETH has had a great pump this week
+This past week alone ETH has increased in price by over 20%
+We can see that ETH had its first test on its monthly resitance of $669
+After this first test we actually saw another test but I believe that 2nd test was to just make noobs feel good about getting in.
+A monthly level especially if its a first touch will most likely to have an asset pullback.
+That is what we are seeing here ETH is pulling back and I plan on grabbing longs around the 602-618 levels.
+If ETH can't addapt 618 then we will come back down to 602 and accumulation from there
+ On the 4 hour we can see a trend that has formed(white line) and if can respect this level then we will see my TP's in no time.
First TP $710
Second TP $784
Beyond Technical Analysis
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ThawonP
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