ðĨ Ethereum Horizontal Channel Break Out
A couple of days ago, I made an analysis on ETH. I argued that ETH hit the top and was reversing towards the lower bound of the channel.
The lower bound of the channel was not reached. Still, the price found support around that area and reversed back up.
As of today, ETH is seeing an incredible run up and broke out of the horizontal channel. Assuming that we're going to keep this bullish sentiment, I'm targeting the area between $3350 and $3500 in the coming weeks.
Be aware that we might test the top resistance area of the channel again.
Happy trading!
The lower bound of the channel was not reached. Still, the price found support around that area and reversed back up.
As of today, ETH is seeing an incredible run up and broke out of the horizontal channel. Assuming that we're going to keep this bullish sentiment, I'm targeting the area between $3350 and $3500 in the coming weeks.
Be aware that we might test the top resistance area of the channel again.
Happy trading!
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