Ethereum ETH - Bearish trendline is now broken! + 125% PROFIT

16 Tem 2022

• Ethereum is currently stronger than BTC on lower time frames, we can clearly see a base (rectangle) that is very close to a breakout!
  
• The main trendline has been destroyed by the bulls and now we are trying to get above the key local resistance at ~1280 USDT.
  
• We have 4 touches from the upside, which is impressive and next try can definitely break the base and result in a pump!
  
• As per my Elliott analysis - ABC correction / Impulse wave (5-3-5-3-5) has been completed succesfully, so we can expect at least a retracement to the upside.
  
• You can set your profit target to 2550 -2700 USDT (0.618 FIB + start of a the gap + breakout level).
  
• Look at my ideas about Bitcoin and another interesting altcoins in the related section down below ↓
  
• For more ideas please hit "Like" and "Follow"!