Ethereum (ETH/USD): Ready To Breakout?

kid-martin95 (45)in #cryptocurrency • 6 years ago

ETH:USD W.png

Weekly: Showing Higher Lows being formed (highlighted in Blue). Respecting our uptrend, expecting consolidation between $1,000- $1,200. A break and close on the Weekly timeframe(tf) (1 weekly candle) below $1,000 or above $1,200 and a breakout will occurred.

ETH:USD D.png

Daily: Higher High is visible (highlighted in red) on Daily timeframe(tf). A break and close above ($1,200 *red zone) and expect another Bull Run. A break and close below the ($1025 *blue zone) and things could get ugly.

ETH 4H.png

4 Hour: Shows an Inverse Head & Shoulders + fake breakout to come back down and test for support (yellow marks). Expecting a run up to $1,250 followed by consolidation.

In conclusion Ethereum is looking to breakout towards the upside. Support has been found @ $1,000 with a double bottom (yellow marks). Happy Trading! :)

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