Ethereum Ready To Steal The Spotlight?
Looking at the Ethereum chart, we see several signs of strength that suggest we see a significant increase in price in the coming weeks/months. Much like Bitcoin, ETH has held the 21 weekly EMA for many weeks now, and we see a possible symmetrical triangle-like pattern that a breakout may be in progress. The fact that we are breaking above resistance, bounced from the 21 EMA, and have a fresh MACD cross suggests we "could" see a price rise above the R3 yearly pivot or as even as high as the previous major resistance towards $780. We patiently wait for the market to reveal its hand. It should be noted, a decisive break and weekly close below the $350 price level will likely invalidate this idea.
Nota
Just an update to my last ETH chart, so far things have gone very well. I hope everyone is enjoying the profits, please remember to stay level head and ignore all the short term news/media trying to distract you from the long term price targets.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.