EthereumLong
ETHERUM LONG SETUP
The UPTREND on Ethereum is intact, February 2021, we saw price get back to the all-time high from 2018 @ 1420 zone, price break above this zone with retest holding, since this retest we've had price trading inside this perfect WEDGE PATTERN on the daily timeframe, having this WEDGE PATTERN on the daily chart is a measurable objective that a big rally will follow the breakout.
We already had two touches on the support and resistance ray of the WEDGE PATTERN, so it worth to be looking out for a breakout, following the TREND, a break to the upside will definitely send the price higher above all-time high, so targeting 3k$, and maybe 4k$ will make nice target zone.
With stop-loss @ 1570, that's below the support ray of the WEDGE PATTERN.
We already had two touches on the support and resistance ray of the WEDGE PATTERN, so it worth to be looking out for a breakout, following the TREND, a break to the upside will definitely send the price higher above all-time high, so targeting 3k$, and maybe 4k$ will make nice target zone.
With stop-loss @ 1570, that's below the support ray of the WEDGE PATTERN.
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