Here comes the next leg up in Ethereum.
We've been consolidating above that 400 level, which was the break out level
of the June consolidation range, and hopefully you've been following my posts, which have called for accumulating and adding to your position in Ethereum.
As Bitcoin and the altcoins raged higher in the past few weeks, Ethereum lied dormant like a sleeping dragon and now we are waking up!
All the other coins have seen funds flow through them and now it is Ethereums turn.
Remember, the bigger the range, the bigger the break out so we are going to see some higher prices here.
Targets are 565, 688, and 861 if we really get some gas underneath this move.
It looks strong now, with volume above average, RSI overbought and this flag breaking out perfectly as it should, in the direction of the overall trend.
All signs are bullish and right now it is time to get AGGRESSIVELY LONG Ethereum for this run!!
THE PLAY:
Long above 480 (short term consolidation break out level)
Stop below 480
Target 1: 565 (161.8 Fib extension of June to November consolidation range)
Support me!
We've been consolidating above that 400 level, which was the break out level
of the June consolidation range, and hopefully you've been following my posts, which have called for accumulating and adding to your position in Ethereum.
As Bitcoin and the altcoins raged higher in the past few weeks, Ethereum lied dormant like a sleeping dragon and now we are waking up!
All the other coins have seen funds flow through them and now it is Ethereums turn.
Remember, the bigger the range, the bigger the break out so we are going to see some higher prices here.
Targets are 565, 688, and 861 if we really get some gas underneath this move.
It looks strong now, with volume above average, RSI overbought and this flag breaking out perfectly as it should, in the direction of the overall trend.
All signs are bullish and right now it is time to get AGGRESSIVELY LONG Ethereum for this run!!
THE PLAY:
Long above 480 (short term consolidation break out level)
Stop below 480
Target 1: 565 (161.8 Fib extension of June to November consolidation range)
Support me!
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Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
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start.tastyworks.com/
Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591