Ethereum's New All-Time-High On The Horizon: Bullish Triangle
For quite some time I've been very bullish on ETH, with good reason. The biog caps are in for a wild ride after it seems that Bitcoin has reached its top recently.
In my other ETH posts I kept the targets relatively close since I was unsure if the alt-coins would gain more momentum. It seems they are doing exactly that.
Since we both broke the upper resistance of the bullish triangle and formed a new local high since years, I see ETH/USDT gaining more momentum. The next major resistance will be at $1450, the all-time-high. I'm quite confident we will reach it either today or tomorrow. After the ATH is reached, it all depends on price action. If we manage to blast through the resistance with a lot a volume and a big candle, we could potentially reach $1700 within a day or two. I've selected $1700 since it's based on today's the second pivot point.
Happy trading and best of luck!
In my other ETH posts I kept the targets relatively close since I was unsure if the alt-coins would gain more momentum. It seems they are doing exactly that.
Since we both broke the upper resistance of the bullish triangle and formed a new local high since years, I see ETH/USDT gaining more momentum. The next major resistance will be at $1450, the all-time-high. I'm quite confident we will reach it either today or tomorrow. After the ATH is reached, it all depends on price action. If we manage to blast through the resistance with a lot a volume and a big candle, we could potentially reach $1700 within a day or two. I've selected $1700 since it's based on today's the second pivot point.
Happy trading and best of luck!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.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.