Our ETH long prediction has been playing out perfectly these past couple of days! Yesterday I mentioned my thoughts on ETH climbing to 1430 and that has not changed.
Looking at the 8hr chart, we can see ETH has had a strong bounce off of the 1040 area (major support) and BROKE through our micro resistance of 1165 (which I believe we'll test again as support before retesting the 1220-1270 level). I believe we'll break through the 1220-1270 level within the next week and retest it as support (this will coincide with our Stoch RSI reaching the 100 level and cooling down for a few days) before finally reaching our target of 1430.
There's been a lot of volatility in the market so it may not play out exactly as predicted but my narrative has shifted to a more bullish stance for crypto the past few weeks but I will continue to look for great setups both ways.
If you enjoyed my TA or had any questions about the indicators used, please leave a comment below or send me a DM :)
Looking at the 8hr chart, we can see ETH has had a strong bounce off of the 1040 area (major support) and BROKE through our micro resistance of 1165 (which I believe we'll test again as support before retesting the 1220-1270 level). I believe we'll break through the 1220-1270 level within the next week and retest it as support (this will coincide with our Stoch RSI reaching the 100 level and cooling down for a few days) before finally reaching our target of 1430.
There's been a lot of volatility in the market so it may not play out exactly as predicted but my narrative has shifted to a more bullish stance for crypto the past few weeks but I will continue to look for great setups both ways.
If you enjoyed my TA or had any questions about the indicators used, please leave a comment below or send me a DM :)
🤝 Let's Connect:
🌎 Website - cryptoscripts.com
🐦 Twitter - twitter.com/CryptoScriptsAI
📺 Youtube Indicator Tutorials - youtube.com/c/CryptoScripts
📱 Facebook - facebook.com/CryptoScripts
🌎 Website - cryptoscripts.com
🐦 Twitter - twitter.com/CryptoScriptsAI
📺 Youtube Indicator Tutorials - youtube.com/c/CryptoScripts
📱 Facebook - facebook.com/CryptoScripts
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.
🤝 Let's Connect:
🌎 Website - cryptoscripts.com
🐦 Twitter - twitter.com/CryptoScriptsAI
📺 Youtube Indicator Tutorials - youtube.com/c/CryptoScripts
📱 Facebook - facebook.com/CryptoScripts
🌎 Website - cryptoscripts.com
🐦 Twitter - twitter.com/CryptoScriptsAI
📺 Youtube Indicator Tutorials - youtube.com/c/CryptoScripts
📱 Facebook - facebook.com/CryptoScripts
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.