ThawonP

ETH Preparation for 2021 Bullrun

Long
COINBASE:ETHUSD   Ethereum
+ETH after rejecting $618 came back down and tested $485

+We tested but thankfully did not close below $485 which lead to antlers attempt of $618

+On the chart it seems like ETH is going for another attempt at $618 and this is going to be a very important test/break we see.

+If we fail to break $618 on its next attempt there's a possibility we see a similar pattern to the 485 rejection with 3 months of accumlation.

+Now I don't really see this as happening do to the fact that Bitcoin is facing its ATH once again and we are headed towards a weekly close in the new few hours.

+Closing the $618 level will confirm its next to TP of $714 and $810

+Simple break down on ETH just to sum it up im very bullish on it atm

+TP 1 $714📊
+TP 2 $810📊

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.