YongTung

ETH: The Bottom Is In! Price Will Go Higher!

Long
BINANCE:ETHUSDT   Ethereum / TetherUS
Hello my friends, today I want to talk to you about ETHUSDT.

I made a few conclusions about Ethereum.

At the moment price trades near to support zone $1310.50 (Fib 0.66).

I expect that price can pump to resistance line $1365.87 (Fib 1.618)

Then I think price will make small correction to support line $1310.50 (Fib 0.66) and then bounce up and start to rise.

Then, I think price can break resistance line and go higher.

I set up my first target locate at the resistance level $1365.87 (Fib 1.618).

Also, I think price can break resistance level and continue move up until resistance zone.

Therefore I set up second target at $1456.64 level (Fib 2.618).

This is my opinion, I really hope it will be useful for you.

This is an article not financial advice, always do your own research.

And please don't forget to support this idea with your like and comment, It means a lot to me, thanks.

Be prepared and save your money. Make big profits!
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.