Ethereum continues it's strong break out above that huge consolidation range from May to November.
That huge consolidation range should lead to a huge break out, which we are seeing now.
Our first 2 targets have already been hit, at 599 and 700 and we were taking some profits.
Now our next target is 888, the 261.8% Fibonacci extension of that consolidation, where we will look to take another chunk off the table,
leaving a bit for a crazy run to 1000.
Remember to take your profits! It might be hard to take profits when everyone is jumping ship on a crash and all the exchanges are down.
THE PLAY:
Long above 700 for our target of 888
That huge consolidation range should lead to a huge break out, which we are seeing now.
Our first 2 targets have already been hit, at 599 and 700 and we were taking some profits.
Now our next target is 888, the 261.8% Fibonacci extension of that consolidation, where we will look to take another chunk off the table,
leaving a bit for a crazy run to 1000.
Remember to take your profits! It might be hard to take profits when everyone is jumping ship on a crash and all the exchanges are down.
THE PLAY:
Long above 700 for our target of 888
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Sign up to TradingView charts:
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Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
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.
Support me with these referral links:
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
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.