EthereumLong
Dragon Head Pattern Forming in Ethereum!!
Ethereum broke out to make highs at $4380, but faced a sharp retracement, dipping as low as 
4K, before equilibrating in the $4100 handle. We appear to be seeing a dragon head pattern forming here, and are in the consolidation phase. This chart, as well as the entire crypto market, still appears to be bullish. If we do break out, then we will find resistance at $4258. If we are able to break through this then the next target is $4450. If not, we will find further support at $3861, but then there is a vacuum zone below that to $3646.
4K, before equilibrating in the $4100 handle. We appear to be seeing a dragon head pattern forming here, and are in the consolidation phase. This chart, as well as the entire crypto market, still appears to be bullish. If we do break out, then we will find resistance at $4258. If we are able to break through this then the next target is $4450. If not, we will find further support at $3861, but then there is a vacuum zone below that to $3646.
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Join my discord at discord.io/quantguy
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.