Ethereum Breakout from wedge in a symetrical triangle. Targets:
Dear Friends.
Ethereum is currently doing better than Bitcoin. To the top, Ethereum can recover 100% versus Bitcoin 80%. Bitcoin dominance is decreasing and that is good for the ALTS. Rather, it means that the danger has passed (for the moment).
You can see the 6 hour chart here and Ethereum has broken out of a bullish falling wedge to the upside. Target for this wedge is 2651. Even more interestingly, the price of Ethereum is moving in a sysmetric triangle with a target of 4000 USD.
Several more patterns are forming, I will give regular updates on Ethereum.
Targets: 2268, 2335, 2416, 2651, 3049 and 3438
Support: 2119, 2176, 2229
If Ethereum breaks above the upper triangle trend line again, we will get a new target of 4000 USD.
Dear friends, please share your thoughts and idea's below. What do you think and why do you think it with or without a chart.
I wish you all good luck with trading!
Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research!
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