ETH, Are We There Yet?
Updated
As you can see from the chart, ETH has been consolidating for some time now.
Some analysis believe, the longer the consolidation, the larger the breakout potential. That is IF it ever happens..
Some key levels to watch out for are the 335 and the 338. Breaks in either of these levels could help ETH gain some very bullish momentum.
IF we break BOTH of these levels, my first main target for ETH would be 353 at its previous lower high, and then followed by the fib extension at 373.
If we end up breaking the 338 level, I will post additional targets below.
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Some analysis believe, the longer the consolidation, the larger the breakout potential. That is IF it ever happens..
Some key levels to watch out for are the 335 and the 338. Breaks in either of these levels could help ETH gain some very bullish momentum.
IF we break BOTH of these levels, my first main target for ETH would be 353 at its previous lower high, and then followed by the fib extension at 373.
If we end up breaking the 338 level, I will post additional targets below.
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Trade active
Expecting a scalp to the top resistance level none the less.Stop/Loss is a close under $334
Note
Just shy of our first main target. Looks like we are bouncing off the short term 1.618 fib level. Hoping for a 1-2 bounce.
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
Related publications
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.