Here's a quick look at Ethereum 4 hr chart. As we can see, ETH broke out from the big bull pennant . All depends on BTC right now. If BTC falls then ETH will fall as well. If ETH breaks its previous ATH it will probably go to 2500$! Gains incoming! Note: Watch the RSI - Not much space left before its oversold.
This chart was posted a week ago before it broke the bull pennant .
The idea is: Buy the breakout from the level shown in the chart. take profits at the level shown in the chart. Target: 1. 2040$ 2. 2500$
Follow me for daily trading setups - Telegram group coming soon...
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
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.