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ridethepig
Oct 3, 2021 3:26 PM

ridethepig | ETH grinding higher... Long

Description

A remarkable bounce from the lows. Despite the lack of material interest, a momentum attack is in the air and it cannot be shaken off. From here till the end of 2021 there are some nice swings ahead.



After breaking back up, buyers won back the tempo. Note how sellers did not make use of the discovered 'C' target lows and how they got tangled up among their own?

... then of course the breakout came....

Tightening the noose !!!

After bulls took back $3,000 the highs have been unlocked - it should lead to momentum. Here looking to clear partial profits on the test of our $3540 pivot.


Trade closed: target reached

TP1 hit

Comment

A quick chart update here ...

Trade closed: target reached

TP2 hit!

Comments
GeorgeZii
Do you really think that if we take the strengthening Dollar and the Evergrande situation into consideration, this move for ETH is sustainable?

I believe that we lack a catalyst fundamental driver here...
JustTradeSignals
Brilliant working man. ETH does look bullish towards new higher targets.

Here are my thoughts on ETH however good luck to you as well.
AlkalineFX
TP1 Coming! Brilliant work!
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