ETH ETH BABY!!
Updated
Ethereum has been finding some good support since the selloff and has formed a symmetrical triangle, which most traders know is a continuation pattern.
However in this situation a break could happen to the topside or to the bottom. We will be patient while the market shows us our next move.
A break below $1000 will most likely result in more sellers stepping in driving the prices lower, we can anything between $700 - $900 should the bears win the battle.
A break above $1100 could signal the bulls to push the prices higher, in which case I would expect a target around $1200 - $1400 if there good price action confirming the breakout.
Feel free to discuss this trade idea with me.
However in this situation a break could happen to the topside or to the bottom. We will be patient while the market shows us our next move.
A break below $1000 will most likely result in more sellers stepping in driving the prices lower, we can anything between $700 - $900 should the bears win the battle.
A break above $1100 could signal the bulls to push the prices higher, in which case I would expect a target around $1200 - $1400 if there good price action confirming the breakout.
Feel free to discuss this trade idea with me.
Note
Ethereum performed well, well done to all those that followed the trade.
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