ETH EIP-1559 Bullish Move Started: The Bulls Are Here !!!
Here comes the move that everyone has been waiting for, the reason behind is today's BTC pump, which triggered the bullishness. Now, we know the official date for ETH's London upgrade is 4th August (just 9 Days away ) but the price has started the rally since 21st July with all green candles.
If we look at the chart, we can see the BIG W Formation (Double-Bottom) with the price currently at the neckline. The breakout from here can unquestionably take the price to further upper levels. The mentioned levels in the chart (in green) are fibonaaci levels which can act as important resistance points to look out for. Overall, the price-action looks pretty bullish, still and all BTC can ruin the party if it gets rejected from current levels which can lead the downward price movement for ETH too (red arrow)
For reference :-
Whatever be the reason don't forget to DYOR as it never hurts to be extra cautious. Good-luck !
CryptoCuriousOfficial 📥
If we look at the chart, we can see the BIG W Formation (Double-Bottom) with the price currently at the neckline. The breakout from here can unquestionably take the price to further upper levels. The mentioned levels in the chart (in green) are fibonaaci levels which can act as important resistance points to look out for. Overall, the price-action looks pretty bullish, still and all BTC can ruin the party if it gets rejected from current levels which can lead the downward price movement for ETH too (red arrow)
For reference :-
Whatever be the reason don't forget to DYOR as it never hurts to be extra cautious. Good-luck !
CryptoCuriousOfficial 📥
Dagangan aktif
It has broken the resistance at the neckline.Nota
Broke out of the Resistance Zone, now a pullback comes.Nota
After a minor pullback the price broke past target 1. Now moving towards target 2Nota
Target 2 hunted, target 3 onsight.Dagangan ditutup: sasaran tercapai
Target 3 done and dusted.
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Penerbitan berkaitan
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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.