ETH has just broken above the 200 EMA. Other bullish indicators are the MACD crossover on this 4 hour chart and the 1D chart also shows this. The activity of BTC and LTC suggest further breakout potential, from the fact that LTC has been leading the charge, and ETHBTC ratio has yet to recover to 0.1 or higher.
If we breakout of the dotted red long term trend line (~$1000 levels), I expect to see a breakout to $1150 very soon, otherwise here are two other possible scenarios for the short term rally to the target of $1150.
Target chosen based on MagicPoopCannon's INV H&S target. Praise the cannon!!!
Personal disclaimer:
Don't take any of my published ideas as reality. Always make educated decisions before doing anything with your investments. Use my charts for educational purposes only. Trade at your own risk.
If we breakout of the dotted red long term trend line (~$1000 levels), I expect to see a breakout to $1150 very soon, otherwise here are two other possible scenarios for the short term rally to the target of $1150.
Target chosen based on MagicPoopCannon's INV H&S target. Praise the cannon!!!
Personal disclaimer:
Don't take any of my published ideas as reality. Always make educated decisions before doing anything with your investments. Use my charts for educational purposes only. Trade at your own risk.
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