ETH - Bullish
Hi guy,
My analyses of ETH. I will Keep It Short and Simple :-)
Previous trend: Bullish trend started near the end of December '17 and ended beginning of January '18 with an All Time High of $1418.
Retracement: Since All time high retraced ~60% to $770 and since there in a secundary bullish trend
Current Resistance: Current resistance at $1090, touched ~3times
Currect support: N/A, since the end of retracement to $770 in a secundary bullish trend and therefore a support is not yet been tested
Expectation: Currently making higher low's, but also lower high's. Pattern currently is a flag and if breaks through current resistance, first target would be $1160, second would be $ 1415 and than the next All Time High.
What do you think?
My analyses of ETH. I will Keep It Short and Simple :-)
Previous trend: Bullish trend started near the end of December '17 and ended beginning of January '18 with an All Time High of $1418.
Retracement: Since All time high retraced ~60% to $770 and since there in a secundary bullish trend
Current Resistance: Current resistance at $1090, touched ~3times
Currect support: N/A, since the end of retracement to $770 in a secundary bullish trend and therefore a support is not yet been tested
Expectation: Currently making higher low's, but also lower high's. Pattern currently is a flag and if breaks through current resistance, first target would be $1160, second would be $ 1415 and than the next All Time High.
What do you think?
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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.