ETH Double Bottom Confirmed – Bulls Target $2,000
As expected from our previous analysis, ETH confirmed a double bottom pattern. The price managed to break out even though the 1900 resistance area has now turned into resistance.
A possible retest of the neckline of the pattern could happen again before Ethereum can rally further.
Most of the major instruments like US500, US100, US30, GOLD and Silver have already rallied significantly, so it is highly likely that we will see ETH and BTC start an uptrend very soon.
Key Targets:
1935
1970
2000
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Previous analysis:
As expected from our previous analysis, ETH confirmed a double bottom pattern. The price managed to break out even though the 1900 resistance area has now turned into resistance.
A possible retest of the neckline of the pattern could happen again before Ethereum can rally further.
Most of the major instruments like US500, US100, US30, GOLD and Silver have already rallied significantly, so it is highly likely that we will see ETH and BTC start an uptrend very soon.
Key Targets:
1935
1970
2000
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Previous analysis:
Zlecenie aktywne
From our analysis, ETH started to rally again and is forming a bullish flag pattern.
It is a bit risky ahead of the NFP data, but if the price holds strong in this area and if it moves above the pattern, then it could be the right time for the next impulsive move.
The NFP data is the main data for today, so it could also be an aggressive move that could happen after the news or over the weekend if the price does not move after the news.
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✅MY FREE Signals Channel
t.me/TradingPuzzles
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t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
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t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.