ETH price is compressing inside the apex (blue) which will lead to a significant move soon.
Overall the bias is bullish and there is a real chance ETH will shoot for the ATH to test that level. Therefore, wait for the breakout to long as indicated in the chart. A nice 15% play can be had.
If not, the next buy areas are Fib 23.6% and 38.2% levels as indicated on the chart at around $1k. A short is very risky in this bullish market, so be careful and use proper stop losses.
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Overall the bias is bullish and there is a real chance ETH will shoot for the ATH to test that level. Therefore, wait for the breakout to long as indicated in the chart. A nice 15% play can be had.
If not, the next buy areas are Fib 23.6% and 38.2% levels as indicated on the chart at around $1k. A short is very risky in this bullish market, so be careful and use proper stop losses.
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Comment:
Well done if you longed the breakout!
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