Medium Term 1-3 Month Outlook on ETH:
ETHUSD is forming a perfect ascending triangle here. It's touched the $390/$400 resistance line twice already and has 1 to 2 more touches left in it before I believe it will break out and up.
As you can see from the existing support line the best buying opportunities are right NOW (at the thumbs up icon) or possibly after the 3rd touch of the resistance line - IF it doesn't break through then and dips one more time then we may see low $300 ETH once more. But as you can see from the ascending triangle pricing doesn't look to get much better than it is right now.
I've been accumulating ETH for some time now and improving my cost averaging as we wait for this breakout. It will be HUGE and price target is quite unknown but I expect $600 to $800 ETH within 6 months which is an easy double your money opportunity (in my opinion) - which is why I'm heavy & long on ETH.
Good luck everyone! :)
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ETH is travelling along nicely here.Nice profits already. More to come as we rise to the resistance level @ $390/$400 over the next week or 2.
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ETH is working it's way towards it's breakout. I doubt we'll see ETH under $330 EVER again.
Currently at $360 and personally - I think this is a double your money move within 2-3 months.
Hodl folks. And it's about to pay off.
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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.