ETH: Bullish longer term outlook

Jul 22, 2018

Hello everyone! Been feeling better about ETH lately. It's been finding very strong support/bounces off this ascending purple line. It has been in a large descending wedge and has broken out with this line as support. I expect it to go the length of the wedge height. This would be a 2-3 month swing trade and I would target close to $700 USD or over 50% if entering now. Placing my stop below the purple line. As BTC begins its reversal/bull trend, it tends to decouple a bit from ETH to allow it to do its own thing.