ETH- Final Hurdle
This is an update to our previous post:
Now that we have seen the successful breakout of ETH's ascending triangle it is time to determine what's next.
Any old resistance should get flipped into new support. If we get any sort of major correction a great entry for new longs could be between $2,600-$2,750. This is a possible target is CPI reading on Nov 13th is bad in my opinion.
Eth is also battling the 200 day MA as I make this post. Will be very interesting to see how price action plays with it after so long.
Once Eth break this red box I have drawn it should be clear skies ahead. This box ranges from $2,830-$3,050.
Now that we have seen the successful breakout of ETH's ascending triangle it is time to determine what's next.
Any old resistance should get flipped into new support. If we get any sort of major correction a great entry for new longs could be between $2,600-$2,750. This is a possible target is CPI reading on Nov 13th is bad in my opinion.
Eth is also battling the 200 day MA as I make this post. Will be very interesting to see how price action plays with it after so long.
Once Eth break this red box I have drawn it should be clear skies ahead. This box ranges from $2,830-$3,050.
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