TheBigNova

$ETH ascending triangle - can we see 600 USD this weekend?

Long
COINBASE:ETHUSD   Ethereum
I ignored Ethereum for a few days, to give it time to develop more market structure.
Now what I see is an ascending triangle forming, which usually means ETH is set up to go to the next level, hit the magic number 500!

If that indeed happens, it's not so hard to believe that we're going to 600 USD, or even more that than at around 660 USD. So many good fundamental news around ETH these days...

BUT, In case a sell off takes place, this could go down to 400 levels, or even 360. there you can have some buy orders waiting.

Enjoy! If questions, let me know!
Thanks for your likes and follows!

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.