If #ETH breaks the neck line on this double bottom pattern i expect to see £2800.
This is a very common trading pattern and lots of retail and institutions traders will be watching it.
HOW ITS TRADED.
-Once we break above the all time high (neck line of the "w"), we should see a brief retest of that line.
-If the retest holds we will see large buys only increasing as we break above the initial breakout.
£2800 is a minimum for this pattern.
With institutions,industries and governments realizing the scope of blockchain i fully expect #Ethereum to go much higher
in the coming years.
This is a very common trading pattern and lots of retail and institutions traders will be watching it.
HOW ITS TRADED.
-Once we break above the all time high (neck line of the "w"), we should see a brief retest of that line.
-If the retest holds we will see large buys only increasing as we break above the initial breakout.
£2800 is a minimum for this pattern.
With institutions,industries and governments realizing the scope of blockchain i fully expect #Ethereum to go much higher
in the coming years.
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.