InvestMate|ETH going for $1800?

ETH going for $1800?

Today we see a beautiful breakout on ethereum which from minimum to maximum is 14.25%.

As I wrote in a previous post there was a breakout from the support level we have been accumulating on since 19 September which lasted 36 days.

We also broke through the 50 moving average.

The next support resistance comes from the price levels at which the price has repeatedly bounced in 2021 from the top in 2022 from the bottom. This is also the fibo level of 0.236 measuring from ath to bottom.

The level is very likely.

On the 4H we see that the 50 moving average has crossed the 200 i.e. a golden cross has occurred which is a signal of a trend reversal.

Assuming we open positions now, without waiting for a smaller correction, the best place for a stop order is below the support zone at around $1350 and set a take profit at $1800.

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Commentaire:

Beautiful continuation of growth

Transaction en cours:

The trend doesn't stop