Benimen

ETHUSD better channel chart

Long
Benimen Updated   
COINBASE:ETHUSD   Ethereum
Changed up the channel slightly to use the earlier one...Pretty ripe for this to be the end of bear mode here. I'm fully long.
Comment:
Who's ready for $2k very very soon? A fast and monstrous rally similar to what was seen last May 2017 looks like a high probability.
Alternatively a consolidation sideways looks like a lower-probability possibility.
Comment:
Possibly the last major pullback before serious liftoff into summer here. Price needs to stay above $490-$500'ish to stay within the trend channel though.
Comment:
This one's hanging on by a thread. I'll give it a little leeway (like perhaps one more drop between $490-$504) but it had better jump up back above the bottom trendline for this to still be intact.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.