ETHUSDT - Fractal from FEB 2021 is BULLISH
Updated
Hi Traders, Investors and Speculators of the Charts 📈📉
If we consider a chart fractal from February 2021, Ethereum could take a brief breather before rallying over $2000. Fractals can be very useful to determine how the price might react on certain price levels judging by historic events. The current immediate resistance zone will be defended by the bears / sellers / suppliers, but if we can see a daily candle close ABOVE this supply zone, the next logical stop is $2000 and beyond. If you're lucky, you may get another chance to buy a little lower before the rally.
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If we consider a chart fractal from February 2021, Ethereum could take a brief breather before rallying over $2000. Fractals can be very useful to determine how the price might react on certain price levels judging by historic events. The current immediate resistance zone will be defended by the bears / sellers / suppliers, but if we can see a daily candle close ABOVE this supply zone, the next logical stop is $2000 and beyond. If you're lucky, you may get another chance to buy a little lower before the rally.
While you're here: Check out my view on Bitcoin for the SHORT TERM:
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
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THIS Move seems very likely for ETH at the moment.
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