robertlotter

Return to break out continuation, long term chart

Long
robertlotter Updated   
BITFINEX:ETHUSD   Ethereum
The price returned to the break out position,on the long term chart, this is normal but usually the moves are not so big, a continuation from here could be ten times the initial move, that could take us to $14,000 over the next 12 to 24 months or even maybe 36 months
Comment:
We had a good bounce off the support line at $360, but it was not good to see it dip below the support line into the stop zone, Some whales picking up stops ?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.