Aloha, everyone.
I just wanted to quickly make this post to inform all my readers that Ethereum is forming a descending channel on the 30M chart. The price should drop to around the bottom purple support line before rebounding, expect a breakout before reaching $134. I'm betting on a rally up to at least $142 resistance if the price continues in this downward channel, assuming price doesn't drop below support $132.
For the time being, I'm going long on Ethereum to breakout to $142.
We've correctly predicted the Bitcoin and Litecoin outbreaks, can we predict Ethereum?
Thanks for reading, leave a like if you agree!
I just wanted to quickly make this post to inform all my readers that Ethereum is forming a descending channel on the 30M chart. The price should drop to around the bottom purple support line before rebounding, expect a breakout before reaching $134. I'm betting on a rally up to at least $142 resistance if the price continues in this downward channel, assuming price doesn't drop below support $132.
For the time being, I'm going long on Ethereum to breakout to $142.
We've correctly predicted the Bitcoin and Litecoin outbreaks, can we predict Ethereum?
Thanks for reading, leave a like if you agree!
Note
Breakout is going on now - watch for potential pullback though.Note
Pullback.Note
Rebound after pullback looks to be showing strong signs of bullish action.
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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.