ETH was in a bullish pennant who had already broken out weeks ago but really started to move toward their target after US elections.
I don't believe much in pattern targets because in my experience they're not reached very often but considering that this time the target coincide with last ATH I think it's very likely to be reached. This will only be the first step, I think ETH should go up to 10-12K.
I don't usually trade ETH but I think it will eventually do pull a 3-4x. If you have to buy I would suggest to buy on a retracement since it has pumped for 7 days in a row now.
Good luck
I don't believe much in pattern targets because in my experience they're not reached very often but considering that this time the target coincide with last ATH I think it's very likely to be reached. This will only be the first step, I think ETH should go up to 10-12K.
I don't usually trade ETH but I think it will eventually do pull a 3-4x. If you have to buy I would suggest to buy on a retracement since it has pumped for 7 days in a row now.
Good luck
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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.
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
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.