If you visit my last ETHUSD post, you will notice that the $850 target price was reached two days ago as predicted, and curiosly it has become the new resistance line of the price. As you can see, has been decresing since the beginning of the formation of the pattern, which is a great signal that support the idea of a formation!
Addionatly, is about to get to a new inflextion point which is a great signal, and therefore can be a great entry point. So, what can we expect from this? If consolidates, its quite probable ETHEREUM price will get to $1.000 target by Chistmas, which is an amazing profibiality considering that this is a short term investment. I hope this will be my Christmas gift!
BUY LIMIT: 875
Why BUY LIMIT ? In the majority of the cases when a triangle breakout occurs, price use to test again its last resistance line, which now becomes its new support line.
Take Profit 1: 950
Take Profit 2: 1040
Remember numbers can vary depending on your risk profile and price expectations. The numbers I propose should be use as a reference :)
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