ETH $700 Next LONG Target
Ethereum just hit our $556 monthly resistance TP, where is the price going to next?
For some reason this time going up feels a little different, where as before the price kept rejecting off of this $470 3-year valley but this time we’ve finally broken through it with some great momentum as well as Bitcoin is finally hovering around its previous ATH price. Having a bit of troubles finding enough momentum trying to break through the ATH but it’s coming very soon.
ETH hit $470, $498, and $556 TP all within a 3-day period. Now it is breaking through the $556 resistance level, looking to go long beyond $600 to the $687 weekly resistance level.
Honestly though, the next real level of resistance that I think we’re going to heavily reject off of is around $800, that has the same effects of the valley closure of the likes of $470.
Anyways, this is the daily chart and looking from the start of the bull run on July 21st, the price has continuously been increasing in price as well as we’ve seen a first touch rejection already in the start of September off of $470 back down to $316. The $316 monthly support level was confirmation that the trend is still bullish and from there it took 2 months but finally found a clean close over $470. From here, ETH has so much momentum to fly higher beyond $470, its already tapped 2 TP’s and looks like it’s on its way much higher.
A daily candle close above $556 would send the price all the way to $687. If we don’t close over $556 I expect the price to consolidate a bit even dump back down to retest some levels.
Long Targets
TP1 🎯 $600
TP2 🎯 $687.15
As always please do your own research, I am not a financial advisor.
For some reason this time going up feels a little different, where as before the price kept rejecting off of this $470 3-year valley but this time we’ve finally broken through it with some great momentum as well as Bitcoin is finally hovering around its previous ATH price. Having a bit of troubles finding enough momentum trying to break through the ATH but it’s coming very soon.
ETH hit $470, $498, and $556 TP all within a 3-day period. Now it is breaking through the $556 resistance level, looking to go long beyond $600 to the $687 weekly resistance level.
Honestly though, the next real level of resistance that I think we’re going to heavily reject off of is around $800, that has the same effects of the valley closure of the likes of $470.
Anyways, this is the daily chart and looking from the start of the bull run on July 21st, the price has continuously been increasing in price as well as we’ve seen a first touch rejection already in the start of September off of $470 back down to $316. The $316 monthly support level was confirmation that the trend is still bullish and from there it took 2 months but finally found a clean close over $470. From here, ETH has so much momentum to fly higher beyond $470, its already tapped 2 TP’s and looks like it’s on its way much higher.
A daily candle close above $556 would send the price all the way to $687. If we don’t close over $556 I expect the price to consolidate a bit even dump back down to retest some levels.
Long Targets
TP1 🎯 $600
TP2 🎯 $687.15
As always please do your own research, I am not a financial advisor.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.