quantguy

Ethereum Imminent Breakout!!

Long
BITSTAMP:ETHUSD   Ethereum
Ethereum has gotten support from the lower bound of a bull wedge pattern. It has bounced off confirming the pattern and continuing the consolidation pattern. We are stuck at highs right now, so the question is whether ETH has enough momentum to break out of this consolidation pattern that it has been holding for weeks or if it will continue to range. There is no doubt it will eventually break out, but the question is when. If it rejects 1424, it will find support at 1320. When it breaks out, 1550 is the next target.

Join my discord at discord.io/quantguy
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.