Ethereum, Time For A Dedicated Triangle-Breakout!

7. Juni 2021

Hi,

Welcome to this analysis about Ethereum, we are looking at the 2-hour timeframe perspectives. As already mentioned in previous analysis Ethereum already developed this major triangle-formation with a higher likelihood for a substantial upside-breakout. On the more local perspective now I discovered this further triangle giving more evidence for the breakout to show up within the next times. This is a symmetrical triangle above the ascending-support line and above the 100-EMA holding it as support. As Ethereum already completed the wave-count within the triangle the breakout is likely to emerge within the next times which will finally validate with the close above the upper-boundary and the continuation to the upside. An initial upside-target is within the 3233 levels from where the situations need to be elevated anew. When the breakout happens there will be also the targets of the bigger triangle in play.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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