ETH Breakout coming!!! Here come the bulls!
Daily
Taking a look @ ETH on the daily from a zoomed out perspective we can see price has returned to it's breakout zone. Last time we were at this price we broken out of ascending triangle @ $420 and shot up to all time highs with almost no resistance. Although price has not yet broken out of this descending wedge, a breakout/down is definitely looming in the air.
4Hour
Switching over to our trend timeframe we can see uptrend has been tested and confirmed. Was waiting for a break and close above $420 on the 4hour was has been confirmed for support, price looking to break out wedge.
Hourly
Finally taking a look at our trigger timeframe we get a better view of the break and close, along with the test for support. If you did not get in on the close at $420 a break and close above $475(blue line) on the 4hour is another solid entry.
Take Profit 1: $700
Take Profit 2: $1,000
Take Profit 3: $1,400
Take Profit 4: New All Time High
Take Profit 5: HODL
We spend our days following the patterns, technicals and essentials of the
present most sultry data about Bitcoin, Ethereum, ICO's and different Altcoins,
and burrow through all the messiness to discover just the best data for our perusers!
In the event that you need the best cryptocurrency to buy / news conveyed
straight to your inbox.
Taking a look @ ETH on the daily from a zoomed out perspective we can see price has returned to it's breakout zone. Last time we were at this price we broken out of ascending triangle @ $420 and shot up to all time highs with almost no resistance. Although price has not yet broken out of this descending wedge, a breakout/down is definitely looming in the air.
4Hour
Switching over to our trend timeframe we can see uptrend has been tested and confirmed. Was waiting for a break and close above $420 on the 4hour was has been confirmed for support, price looking to break out wedge.
Hourly
Finally taking a look at our trigger timeframe we get a better view of the break and close, along with the test for support. If you did not get in on the close at $420 a break and close above $475(blue line) on the 4hour is another solid entry.
Take Profit 1: $700
Take Profit 2: $1,000
Take Profit 3: $1,400
Take Profit 4: New All Time High
Take Profit 5: HODL
We spend our days following the patterns, technicals and essentials of the
present most sultry data about Bitcoin, Ethereum, ICO's and different Altcoins,
and burrow through all the messiness to discover just the best data for our perusers!
In the event that you need the best cryptocurrency to buy / news conveyed
straight to your inbox.
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Penafian
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