IF we want to keep momentum and regarding that, we are in a bullish market, where the "trend is your friend" we will see for sure ETH reaching near 1582USD.
As you can see on the chart, on point "D" we have a tested support zone right below and it's there where we have to bounce to keep ETH on the trend (zoom out and you'll see parallel channel).
We'll rocket to $1582 after we cross $1366 (4th test): after being near "D" or reaching a new Higher Low (above support).
I like to apply several trend and chart analysis.
Do your own research.
This isn't a TRADING ADVISE or signal. Just my thoughts.
As you can see on the chart, on point "D" we have a tested support zone right below and it's there where we have to bounce to keep ETH on the trend (zoom out and you'll see parallel channel).
We'll rocket to $1582 after we cross $1366 (4th test): after being near "D" or reaching a new Higher Low (above support).
I like to apply several trend and chart analysis.
Do your own research.
This isn't a TRADING ADVISE or signal. Just my thoughts.
