LONG ETHEREUM WHILE YOU CAN

18. Dez. 2020

ETH being one of the large caps cryptocurrencies is approaching a new high as it breaks daily diagonal resistance (white) at $570, after which it accumulated ( rectangle) below pulling a leg up to $620, and presently in another accumulation phase. There is a bullish pennant forming $620 and $680 range which if broken should give room for another leg up to $750.

N.B The latter part of this analysis will only be possible if BITCOIN settles above $21,000 for the next few weeks.