Ethereum Breaks Out Of A Range, Headed For 1000 Level

ETHUSD is trading much better than BTC these days. We see crypto breaking out of a triangle, which means this can be a fifth wave advance, final leg before we get another deeper pullback. Keep in mind that triangle occurs prior to the final move within a larger uptrend, so make sure you are not late to the party here. 1000 level will also be an important psychological level that can act as a resistance, but longer term however we remain bullish. 765 is very important short-term level; as long it holds 1000 is in view. A fall below it will signal that temporary top can be in place and we are heading into a deeper pullback.

Commentaire:

ETH hit 1000 as expected! Be aware of a pullback now!