With Etherum making a new year time high this week and even a strong weekly close, we believe that Etherum has high probability to hit $800 inte the coming few weeks and making a new all time high early next year. With this new weekly high Etherum has confirmed a bullish trend that has been taking place this year, because of the long consolidation between 2019-2020 we believe that this move for Etherum has the potential to reach their old all time high at $1420.
What we have to keep an eye for at the downside are primary 2 levels, the first level is a close below $434 weekly chart, because that would kill the momentum for this bullish trend and the second level that will change the trend is 308 which is the latest higher low level.
Disclosure: I'm not a financial advisor and I'm not responsible for investment decision. The information provided here is general informational purposes only and should not be considered an individualized recommendation of personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.
What we have to keep an eye for at the downside are primary 2 levels, the first level is a close below $434 weekly chart, because that would kill the momentum for this bullish trend and the second level that will change the trend is 308 which is the latest higher low level.
Disclosure: I'm not a financial advisor and I'm not responsible for investment decision. The information provided here is general informational purposes only and should not be considered an individualized recommendation of personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.
Note
Target reached within timeframe.
Disclaimer
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.
Disclaimer
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.