ETHUSD - Ether on its way to 650$
Updated
Unfortunately, my first analysis up here on tradingview did not work out (pattern was never confirmed), so today I thought it's time to give it another try. After all, it's not to late for some beginner's luck.
Over the last months Ethereum formed a ascending triangle pattern that may not be perfect but sure looks good enough. Ether breaking 400$ with highly increased volume is the confirmation I've been waiting for for quite some time. MACD gaining momentum strengthens the pattern further. Nothing more to say here.
Despite being not sure about the future of Bitcoin, I am pretty sure about the future of Ethereum. I really do think it's here to stay. In contrast to Bitcoin, Ethereum has one huge advantage: utility for the "normal" economy and companies. And after all, those people have a whole lot more money than the current crypto community.
Disclaimer: This is no investment advice and I'm by far not an expert. You should not buy, sell or do anything else just because of my analysis.
I'm glad for your feedback.
Over the last months Ethereum formed a ascending triangle pattern that may not be perfect but sure looks good enough. Ether breaking 400$ with highly increased volume is the confirmation I've been waiting for for quite some time. MACD gaining momentum strengthens the pattern further. Nothing more to say here.
Despite being not sure about the future of Bitcoin, I am pretty sure about the future of Ethereum. I really do think it's here to stay. In contrast to Bitcoin, Ethereum has one huge advantage: utility for the "normal" economy and companies. And after all, those people have a whole lot more money than the current crypto community.
Disclaimer: This is no investment advice and I'm by far not an expert. You should not buy, sell or do anything else just because of my analysis.
I'm glad for your feedback.
Note
Something went wrong. I accidentally posted this idea twice and it's to late to delete one of them.Trade closed: target reached
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