DavidJDM

ETH Possibilities

COINBASE:ETHUSD   Ethereum
I am neutral right now because we need more information. I drew in different possibilities that I think are possible. If we never touch the trend line again then we would most likely dump down. If we do touch and break through, we have a chance of running up to the next resistance. Even though the target is around 2.8k, I think that we would get rejected at the trendline. We could have a reversal there or a slight pullback (use fib levels).

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.