ETH: POSSIBLE SCENARIO! BOTTOM MIGHT BE $500-$600 BY THE EOY!!
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Welcome to this ETH update.
ETH is trading inside a symmetrical triangle in a 2days time frame. Currently, hovering near the lower trendline of the triangle and also holding important support at around the $1250 level. As long as ETH holds this support we can expect a good bounce up to $1600-$1700 in the month of October.
After, reaching at $1600-$1650 zone we can expect a rejection which will lead to the breaking down of this triangle in mid-November. After breaking down this triangle, the bottom, target for ETH is $500-$600 and we will reach this target by the end of this year.
Invalidation level:- If any 2D candle will close above $1700 then this chart becomes invalidated.
What do you think about this?
Do you also think that we see ETH at $500-$600 by the EOY or do you think that we already reached the bottom?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this ETH update.
ETH is trading inside a symmetrical triangle in a 2days time frame. Currently, hovering near the lower trendline of the triangle and also holding important support at around the $1250 level. As long as ETH holds this support we can expect a good bounce up to $1600-$1700 in the month of October.
After, reaching at $1600-$1650 zone we can expect a rejection which will lead to the breaking down of this triangle in mid-November. After breaking down this triangle, the bottom, target for ETH is $500-$600 and we will reach this target by the end of this year.
Invalidation level:- If any 2D candle will close above $1700 then this chart becomes invalidated.
What do you think about this?
Do you also think that we see ETH at $500-$600 by the EOY or do you think that we already reached the bottom?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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