As you can see on the ETH Daily chart, the bottom is in for a long and wild rally because there are many FVGs up there to be filled, harmonic patterns have been formed and all the big liquidity downside has been grabbed. However, it can reach the targets, if the following requirements are met:
1- The volume must kick in!
2- It must first get the hold above 1950-2100 zone. Because this zone is a psychological resistance and there have been many swing lows at this zone, also it's a Weekly pivot low. Thus this zone is very important for ETH to clear.
3- BTC doesn't ruin the party!
4-Good news can accelerate the move!
Therefore the targets are as follow:
TP1: 2000
TP2: 2500
TP3: 3000
TP4: 3500
DON'T get greedy and always trade with cautious!
1- The volume must kick in!
2- It must first get the hold above 1950-2100 zone. Because this zone is a psychological resistance and there have been many swing lows at this zone, also it's a Weekly pivot low. Thus this zone is very important for ETH to clear.
3- BTC doesn't ruin the party!
4-Good news can accelerate the move!
Therefore the targets are as follow:
TP1: 2000
TP2: 2500
TP3: 3000
TP4: 3500
DON'T get greedy and always trade with cautious!
Trade active
Targets 1 & 2 have been hit! A correction might happen before touching next targets.
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.
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.