$ETH Bullish ATH Target $1,448

12 Jan 2021

ETH has formed the inverted head and shoulders pattern as expected yesterday on the hourly. The target if this breaks out is the ATH $1,448 which meets perfectly with the upper resistant trend line. I do not suspect this trend line to be broken if reached, however, I would be looking for a nice support on upper weekly pivot line. If this is held as support, be ready for some fireworks. The RSI looking great, the MACD looks to be moving upward once again. All good signs. On the 4 hour chart ETH is printing a nice double bottom pattern, everything is lining up great. The vertical lines are weekly supports and resistance levels. We'll see how everything unfolds! Have fun.