The most important chart pattern in ethereum has just had it's breakout confirmed. This double bottom shown here on the monthly chart has been giving us a few head fakes over the last few weeks. I originally thought it was more predominantly a weekly pattern we had a fakeout back below theneckline a couple weeks back which made me realize it was better suited on the monthly chart. The breakout target is $636 however my first initial target on the smaller time frame of the 1day chart has been $525 for awhile which we are very close to reaching...there may be some consolidation that occurs between $525 and $636 but we will reach that target sooner rather than later I'm quite certain. Thanks for reading! *not financial advice**
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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.