This is a best guess for a late pullback in ETH. Overall - We are VERY BULLISH IN ETH long term. This chart is designed to show a possible buy area for those that have missed the boat and want to hop on the train.
I believe we are pulling back a bit here, likely we will find support at 425 or possibly as low as $400. However DO NOT expect a deep pullback in ETH. We are in a 3rd wave, and ETH has the ingredients to rip into year end to the $700+ targets outlined in this chart -
Even BIGGER Picture - my next target past $700 is $1,400. But one thing at a time.
Note
ETH Tagged the $420 Buy zone identified. It may drop to $400 but hard to say.
Trade closed: target reached
Trade Closed. ETH bottomed at $402. I believe this is a buyable bottom. If BTC holds the lows around $8,500, we *may* have bottomed in the whole space.
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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.