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tylert27
Aug 31, 2021 1:25 PM

ETH breakout, 5K target!!! Long

Ethereum / U.S. DollarGemini

Description

flag/horizontal congestion over the last several weeks and breakout today. Look for a pullback to resistance to go long with a target of 5K. This is the measured move based on the length of strong uptrend ETH displayed prior to the congestion.

A more conservative move would be the length of the rectangle add to the resistance breakout point.

Comment

bounced right back to support of breakout; good buying opportunity if you missed the initial push
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