Hi Traders, Investors and Speculators of the Charts 📈📉
If we consider a chart fractal from February 2021, Ethereum could take a brief breather before rallying over $2000. Fractals can be very useful to determine how the price might react on certain price levels judging by historic events. The current immediate resistance zone will be defended by the bears / sellers / suppliers, but if we can see a daily candle close ABOVE this supply zone, the next logical stop is $2000 and beyond. If you're lucky, you may get another chance to buy a little lower before the rally.
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CryptoCheck
If we consider a chart fractal from February 2021, Ethereum could take a brief breather before rallying over $2000. Fractals can be very useful to determine how the price might react on certain price levels judging by historic events. The current immediate resistance zone will be defended by the bears / sellers / suppliers, but if we can see a daily candle close ABOVE this supply zone, the next logical stop is $2000 and beyond. If you're lucky, you may get another chance to buy a little lower before the rally.
While you're here: Check out my view on Bitcoin for the SHORT TERM:
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
Trade active
THIS Move seems very likely for ETH at the moment.
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discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
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.
Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
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.