ThawonP

ETH Spot The Breakout Buy The Breakout

Long
COINBASE:ETHUSD   Ethereum
+After ETH first attempt for the level 618 we saw a 20% correction a few days ladder.

+ETH can came down its a resistance now turned support $485

+Since wicking $485 ETH laddered up for another attempt at 618 but this time closed above and wicked $636

+Unfortunately this attempt failed to keep pumping and we came down to $564

+$564 is a support right before the 618 valley I spotted on the 4 hour timeframe.

+This is a great sign for ETH because it is make higher lows and laddering up in price.Which is also level adaption.

+You can see that ETH as created confirmed bullish trend line on the 1 hour after 3 taps.

+I drew a Bearish trend line on body of the candle $636

+ETH is just getting started and I believe after the close of $618 we will see a very nice pump.

1st TP $714📊
2nd TP $784📊

+Keep in mind These are going to be swing trades no way will these targets get hit in 1 day.

+Thanks for Reading my TA on ETH and remember traders Stress Less,Profit More the best is yet to come!


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