ETHUSD: the price will move soon up to 1900!

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
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🟢Forex Pair:

Technical Analysis:
Since the beginning of January 2021, the price has been creating an interesting ascending channel , getting many rejections on the resistance zone at about 1400.
Every time, the price made a higher low and that confirmed our chart pattern.
On the 2nd of February 2021, the price finally broke through the main resistance zone , pushing up until the level at about 1750.
The market is currently overbought and there is a good chance to see a trend correction until a re-test on the level 1400/1430.

The price is currently moving in an interesting situation, I usually like trading this pattern and I'll be waiting for the price to re-test the main S/R zone before planning my long position on this trade.
My possible target would be the reflection of its first wave of its triangle pattern , that means I'm confident to see the price reaching soon the level at about 1900! I'll update soon this idea.

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⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️

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Totally agreed
+1 Reply
FXtrades-gp Investroyllc
@Investroyllc, oh nice, I'm glad of that!!
Great work! I totally agree with you.
+1 Reply
FXtrades-gp KlejdiCuni
@KlejdiCuni hi klejdi! I’m so glad to receive your comments over here !
Excellent only continuation for ETH with the break of previous all time high at 1400
+1 Reply
FXtrades-gp Pika7993
@Pika7993 thanks pika ! Really appreciate your feedback ! 👌
Perfect 🔥 👌
+1 Reply
FXtrades-gp Babenski
@Babenski hi babenski ! Thanks for your feedback!
Great job mate! Thanks for sharing
+1 Reply
FXtrades-gp Mahtab_Tradia
@Mahtab_Tradia many thanks 🙏🙏
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