InvestMate|Ethereum Attention we are striking out๐
๐Ethereum Attention we are striking out.
๐As I wrote in a previous post about future rises on Ethereum, I was not wrong. We were in the perfect place to start the breakout. Link to the post below:
๐As you can see in the chart we have managed to break out of the triangle in the direction I have been writing about for a long time now, i.e. the top.
๐The strong support zone held the price and there was an audacious breakout from the accumulation that had been going on for several days.
๐The target for this moment I put resistance around a very strong cluster of fibo levels and a 1:1 correction. First we have the 0.618 level of the entire downward wave, then the outer 1.618 level of the entire downward correction and finally the 1:1 level of the largest upward wave of the current upward impulse.
๐All as always clearly described on the chart.
๐The scenario I'm playing out is a continuation of the uptrend northwards with a final target around resistance at which I would expect some sort of correction.
๐*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases.
๐If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.๐
๐As I wrote in a previous post about future rises on Ethereum, I was not wrong. We were in the perfect place to start the breakout. Link to the post below:
๐As you can see in the chart we have managed to break out of the triangle in the direction I have been writing about for a long time now, i.e. the top.
๐The strong support zone held the price and there was an audacious breakout from the accumulation that had been going on for several days.
๐The target for this moment I put resistance around a very strong cluster of fibo levels and a 1:1 correction. First we have the 0.618 level of the entire downward wave, then the outer 1.618 level of the entire downward correction and finally the 1:1 level of the largest upward wave of the current upward impulse.
๐All as always clearly described on the chart.
๐The scenario I'm playing out is a continuation of the uptrend northwards with a final target around resistance at which I would expect some sort of correction.
๐*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases.
๐If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.๐
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๐ฒ To keep up to date with all my activities I invite you to visit my Telegram ๐ฒ
๐ฒ t.me/Investmatez ๐ฒ
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