ETH price is compressing inside the apex (blue) which will lead to a significant move soon.
Overall the bias is bullish and there is a real chance ETH will shoot for the ATH to test that level. Therefore, wait for the breakout to long as indicated in the chart. A nice 15% play can be had.
If not, the next buy areas are Fib 23.6% and 38.2% levels as indicated on the chart at around $1k. A short is very risky in this bullish market, so be careful and use proper stop losses.
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Overall the bias is bullish and there is a real chance ETH will shoot for the ATH to test that level. Therefore, wait for the breakout to long as indicated in the chart. A nice 15% play can be had.
If not, the next buy areas are Fib 23.6% and 38.2% levels as indicated on the chart at around $1k. A short is very risky in this bullish market, so be careful and use proper stop losses.
Like and follow!
Note
Well done if you longed the breakout! 
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📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
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.