Ethereum ETH - Bearish trendline is now broken! + 125% PROFIT
- Ethereum is currently stronger than BTC on lower time frames, we can clearly see a base (rectangle) that is very close to a breakout!
- The main trendline has been destroyed by the bulls and now we are trying to get above the key local resistance at ~1280 USDT.
- We have 4 touches from the upside, which is impressive and next try can definitely break the base and result in a pump!
- As per my Elliott analysis - ABC correction / Impulse wave (5-3-5-3-5) has been completed succesfully, so we can expect at least a retracement to the upside.
- You can set your profit target to 2550 -2700 USDT (0.618 FIB + start of a the gap + breakout level).
- Look at my ideas about Bitcoin and another interesting altcoins in the related section down below ↓
- For more ideas please hit "Like" and "Follow"!
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