🔥 EThereum Huge Break out: Bullish Week Ahead?
Few days ago I made an analysis on the potential short-term price movements of ETH, what to expect and which areas to watch. This morning, helped by a very bullish alt-coin market, ETH has broken out of the multi-month blue resistance line.
Be aware that this also could be a fake-out like we've seen earlier, so keep a close eye on Bitcoin and its upcoming areas of resistance. Furthermore, a period of consolidation is more or less expected around the current price.
See my most recent Bitcoin analysis below:
So, assuming this is not a fake-out, this break out could signal the start of bullish price action in the near future. Like mentioned in my previous post, the current main areas to watch are $2630 and $2900, with the latter being a long-term target.
Although that the market is looking very good right now, a dip might still occur. I'm eyeing the $2000 support area to buy back in, in case the dip happens.
Happy trading!
Be aware that this also could be a fake-out like we've seen earlier, so keep a close eye on Bitcoin and its upcoming areas of resistance. Furthermore, a period of consolidation is more or less expected around the current price.
See my most recent Bitcoin analysis below:
So, assuming this is not a fake-out, this break out could signal the start of bullish price action in the near future. Like mentioned in my previous post, the current main areas to watch are $2630 and $2900, with the latter being a long-term target.
Although that the market is looking very good right now, a dip might still occur. I'm eyeing the $2000 support area to buy back in, in case the dip happens.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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.