ETH/USDT Ready to Take $415, then $449? (+18% Potential Profits)
Hello Fellow Traders,
We can see here that on the 6H chart for Ethereum (ETH/USDT) that this coin has printed a bullish pattern for the short term. Prices are already moving up, fast. It has broken out, the retest is in, and bitcoin ( BTC /USDT) is moving up. It is only a matter of time before ETH follows right behind.
We have prices bouncing at all EMAs and a slightly higher low, so we can expect prices to bounce. A breakout from here would have an immediate target of around $415 (+10%). Past that, we can look at around $449 (+18%). My entry was on the most recent dip, but there is still time to go long. Keep your eye out for an entry if you don't already have some! Also keep in mind the major resistance BTC will be facing at 12.5k, if the bullish movement continues. In this case, we can expect ETH to face similar resistance.
Let me know what you guys think down below. Thanks for reading, check out my other ideas if you're interested.
We can see here that on the 6H chart for Ethereum (ETH/USDT) that this coin has printed a bullish pattern for the short term. Prices are already moving up, fast. It has broken out, the retest is in, and bitcoin ( BTC /USDT) is moving up. It is only a matter of time before ETH follows right behind.
We have prices bouncing at all EMAs and a slightly higher low, so we can expect prices to bounce. A breakout from here would have an immediate target of around $415 (+10%). Past that, we can look at around $449 (+18%). My entry was on the most recent dip, but there is still time to go long. Keep your eye out for an entry if you don't already have some! Also keep in mind the major resistance BTC will be facing at 12.5k, if the bullish movement continues. In this case, we can expect ETH to face similar resistance.
Let me know what you guys think down below. Thanks for reading, check out my other ideas if you're interested.
Trade active:
The first move is in! ETH is now testing $400.
Trade active:
First target at $415 reached!
