Ethereum - ETH - Breakout or bull trap?

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.

Has ETH just broken out? Are we heading to financial freedom? Or is this just a monster bull trap? We will find out in the next 24-48 hours. If ETH can clear about $265, then we have breakout potential in the upwards trajectory of approximately $330.

Major moves on Bitcoin have happened over the weekend the last two times, therefore I expect this weekend to be no different. Keep an eye on the charts. Breakout over $265 and we're clear for $330. Further break of ~$280 is even better.

The chart has printed what appears to be a breakout but we really need to break through those zones first. I have a feeling we will but I will not trade feelings. Wait for the breakout above $265.

Trade safely this weekend, friends!
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The BitDoctor Team
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