BerlinTrader591
Long

Ethereum Breakout to 880

COINBASE:ETHUSD   Ethereum / U.S. Dollar
PRICE ACTION
Ethereum could be breaking out here from it's multi day consolidation flag / penant pattern.

If it can hold this upper trendline and move higher, we can expect higher prices based on Fibonacci targets.


THE STORY
Money moving from Bitcoin into Ethereum for safety as the Bitcoin futures launch could cause the next leg up.


THE TRADE
Long above breakout level 725
Target 1: 760 former highs
Target 2: 830 at 161.8% fibonacci extension
Target 3: 880 at measured move of consolidation range and longer term Fib level from Summer to Fall consolidation

Please send me your support, thanks!
Support me with these referral links:

Sign up to TradingView charts:
http://tradingview.go2cloud.org/SHxi

Sign up for TastyWorks - The Broker of the Future:
https://start.tastyworks.com/#/login?referralCode=PYZTJG8GJA

Twitter:
@BerlinTrader591
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out