marlenri

ETH Analysis on Scale of things Bullish ahead

Long
marlenri Updated   
PHEMEX:ETHUSDT   ETH / USDT Spot Trading Pair
A quick update on ETHUSD
We can see thaat ETH could be forming a Head and Shoulders pattern formation which is inverted and Bullish. We just need it to come down to key retest levels again which currently would be at 1700 ideally. With highs of 2200 and lows of 1700. From here ETH would have perfect support to accelerate the growth cycle... back up to key resistance levels as seen on the chart.
From there expect ETH to grow tremendously the key resistance level 2 is at $4000 ish and when ETH breaks this we see ETH could potentially be more % than BTC

Key takeaway: Bullish on ETH

Position right now: Retesting key levels

Hodl or Sell: Sell if you want to buy the dip, or Hodl it will also be suitable.

Disclaimer*: This is not financial advise, you should inform your decisions based on your own analysis and decision making.

Thanks
Marlene
Trade active:
Were coming down exactly. We will make min 200k possibly 1600-1700 retest zone.
Trade closed: target reached
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