The Weekly Overview of the Ethereum Bull Market
Updated
Hello All,
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This is a simple chart to show that Ethereum has yet to close a Weekly candle below $580 or the blue support line (previous resistance). Hence the wicks we see below that level. This suggests that buyers are strongly stepping in at the buy/long range of $580-525 and buying any dip presenting itself before the next rally towards the ATH at $1420 roughly which will likely happen in Q1 2021.
Once the ATH is reached and breached, the Megabull is on for Ethereum with a computed final target somewhere around $10,000.
Happy trading!
Carl M.
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
This is a simple chart to show that Ethereum has yet to close a Weekly candle below $580 or the blue support line (previous resistance). Hence the wicks we see below that level. This suggests that buyers are strongly stepping in at the buy/long range of $580-525 and buying any dip presenting itself before the next rally towards the ATH at $1420 roughly which will likely happen in Q1 2021.
Once the ATH is reached and breached, the Megabull is on for Ethereum with a computed final target somewhere around $10,000.
Happy trading!
Carl M.
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