Ethereum Chart Analysis , Facing Resistance?

BITSTAMP:ETHUSD   Ethereum / Dollar
Chart legend:

Uptrend= Blue
Take profit= Red
Symmetrical Triangle= Purple

I decided to include past analysis, because it will be useful for this one.
As you can see, it formed a symmetrical triangle, which broke out upwards, and the take profit is the height of the triangle!

Now, there are 2 ways of looking at this point:

1- Either price maintains the secondary trendline , breaking $1000 (resistance) and keeps climbing (I'm not sure about this one, the trend has a lot of inclination, and RSI is close to 70%)

2- If Price does not break the $1000 resistance, following a similar pattern as day 19/12/2017, it will break the secondary trendline , moving all the way down to 61.8 retracement (acting as support), retesting the 78.6 retracement, going back down to the major trendline but not breaking it!

I would wait now for a bearish signal and then I would enter, putting a stop loss at $1017.

Feel free to ask me anything in the comments down below!

Disclaimer: I'm not a financial adviser, I'm not responsible for any losses due to following my chart analysis!
Kommentar: Since we didn't get a bearish signal, I didn't enter the trade, but for those who entered, Target 1 - $1114 and Target 2 - $1193, also, beware of correction after this targets
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden