Ethereum continues it's strong break out above that huge consolidation range from May to November.
That huge consolidation range should lead to a huge break out, which we are seeing now.
Our first 2 targets have already been hit, at 599 and 700 and we were taking some profits.
Now our next target is 888, the 261.8% Fibonacci extension of that consolidation, where we will look to take another chunk off the table,
leaving a bit for a crazy run to 1000.
Remember to take your profits! It might be hard to take profits when everyone is jumping ship on a crash and all the exchanges are down.
THE PLAY:
Long above 700 for our target of 888
That huge consolidation range should lead to a huge break out, which we are seeing now.
Our first 2 targets have already been hit, at 599 and 700 and we were taking some profits.
Now our next target is 888, the 261.8% Fibonacci extension of that consolidation, where we will look to take another chunk off the table,
leaving a bit for a crazy run to 1000.
Remember to take your profits! It might be hard to take profits when everyone is jumping ship on a crash and all the exchanges are down.
THE PLAY:
Long above 700 for our target of 888
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@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591