Hi guys! 👋🏻
🔔 I was sceptical on the completion of the staking, it went as planned and 524 288 ETH were staked at the Ethereum 2.0 contract. The official launch of the Ethereum 2.0 is planned on December 1, which is another date to watch for Ethereum investors and traders.
🔔 Ethereum’s token ETH still has a lot of room for growth. The bullish sentiment of ETH/USD is backed by one interesting pattern on a daily chart - double bottom.
🔔 ETH/USD has reached $623 and almost tested the high of June 03, 2018 at $625 and based on the double bottom pattern, the growth may continue up to $837 in mid-term. For the short-term there are several resistances that ETH has to overstep in order to continue the surge.
🔔 As seen on an hourly chart here, the pair has formed a bullish flag and the upper edge of the flag which simultaneously is a short-term dynamic resistance is still intact.
🔔 The most congenial price action at this point would be a decline towards $577 - $578, where the pair will hit the dynamic support and MA100, and a massive uptrend move. Nevertheless, the uptrend will be confirmed only if ETH closes above the dynamic resistance.
🔔 If the breakout is confirmed in the nearest time, Ethereum will proceed further and close above this year’s high of $623.
🔔 See TP's on the chart, the first would be 623, then 647.50 and above that 660
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 I was sceptical on the completion of the staking, it went as planned and 524 288 ETH were staked at the Ethereum 2.0 contract. The official launch of the Ethereum 2.0 is planned on December 1, which is another date to watch for Ethereum investors and traders.
🔔 Ethereum’s token ETH still has a lot of room for growth. The bullish sentiment of ETH/USD is backed by one interesting pattern on a daily chart - double bottom.
🔔 ETH/USD has reached $623 and almost tested the high of June 03, 2018 at $625 and based on the double bottom pattern, the growth may continue up to $837 in mid-term. For the short-term there are several resistances that ETH has to overstep in order to continue the surge.
🔔 As seen on an hourly chart here, the pair has formed a bullish flag and the upper edge of the flag which simultaneously is a short-term dynamic resistance is still intact.
🔔 The most congenial price action at this point would be a decline towards $577 - $578, where the pair will hit the dynamic support and MA100, and a massive uptrend move. Nevertheless, the uptrend will be confirmed only if ETH closes above the dynamic resistance.
🔔 If the breakout is confirmed in the nearest time, Ethereum will proceed further and close above this year’s high of $623.
🔔 See TP's on the chart, the first would be 623, then 647.50 and above that 660
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Nothing is true, everything is permitted.
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_________________________________
🤖 Get 20% fee cashback on CoinW with this link - www.coinw.com/frontweb/invitePublicity?r=azizelliott
