Ethereum Weekly Breakout Point + Targets
The most important level in ETH weekly chart is its breakout point ( $3755 - $3925 ).
Holding price above this zone means that bulls are still in power. We are also is ascending channel and look at the candles within this channel:
Total 19 bars with 11 Bull Bars and 8 Bear bars, examining candles shows us strong bullish momentum.
It's better to see the close of current weekly candle as doji bar.
Possible Targets are:
1) Bullish Weekly Channel Line
2) Measured Move ( $7000 )
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
Holding price above this zone means that bulls are still in power. We are also is ascending channel and look at the candles within this channel:
Total 19 bars with 11 Bull Bars and 8 Bear bars, examining candles shows us strong bullish momentum.
It's better to see the close of current weekly candle as doji bar.
Possible Targets are:
1) Bullish Weekly Channel Line
2) Measured Move ( $7000 )
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
in next alt season we may see ETH flippening.