So by looking at the wedge ETH has just closed out of and now has support at old resistance leads to me to believe a further breakout is coming. Now there is two things to take into consideration here
- Steve "The Woz" Wozniack came out yesterday with a pretty bullish statement on Ethereum yesterday stating that ETH could be the next Apple. Now could the price have seen an increase due to that article, sure its possible.
- The chart is telling me that a breakout is due to occur if it can hold that support for this next candle. I would expect it to reach further highs if that is the case. So overall I stay neutral based on that. The next few hours will decide weather or not it could potentially reach higher prices.
- I will go long in that case
If breakout occurs my target would be 775-800
- Steve "The Woz" Wozniack came out yesterday with a pretty bullish statement on Ethereum yesterday stating that ETH could be the next Apple. Now could the price have seen an increase due to that article, sure its possible.
- The chart is telling me that a breakout is due to occur if it can hold that support for this next candle. I would expect it to reach further highs if that is the case. So overall I stay neutral based on that. The next few hours will decide weather or not it could potentially reach higher prices.
- I will go long in that case
If breakout occurs my target would be 775-800
Not
I see it now. Thank you for that. I appreciate it
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.