harisonhbn9718

Ethereum could to show another perspective if bull case win!!!

Long
COINBASE:ETHUSD   Ethereum
Looking in the chart. Ethereum could to have a simetric triangle o accumulation. But, as we see in H12 timeframe, we see a bullish risising wedge in formation as Bitcoin do.

At the moment, I'm out in the Ethreum, at the moment, I'm in Bitcoin, Cardano and Litecoin for Ethereum change. As we see, Ethereum could to up, but I'm out becuase as we see another formation too, a shoulder head shoulder, a bearish pattern that could to drop Ethereum to $1,600 USD. But, i you don't look what the chart hide, there's a formation o this bullish rising wedge as Bitcoin do, dependg on it, if Ethreum conirm this break out of this rising wedge, we're ok, but my best bought will be the $2,000 USD to hope a break out of this yellow resistance at $2,000 USD to then, open up a long position in Ethereum toward the $3,000 USD. But based in my perspective, I hope that Ethereum follow Bitcoin meanwhile Bitcoin up, Ethereum follow to up as Bitcoin do.


This it's my Daily timeframe, as we look, in four ocassion, we touch and form a lower high that I show you in this green arrows. The possibility that the shoulder head shoulder appear, it's will be invalided and then, the next formation could be this bullish rising wedge. But, I hope that Ethereum goes to above of $2,000 USD and then, I hope that Ethereum make a pull back to entry in long position toward the $3,000 USD.




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.