Ethereum upside potential (ETH/USD Analysis)

in trading •  5 years ago 

MONDAY
8-JUL

Price rejected the $275 S/R level last week and is rallying once again.
It broke above LW high and seems likely to continue towards JUN high.

On the Daily, price closed above the $290 S/R level y'day with a very bullish candle.
This could mean that the potential accumulation below $290 has finished and higher prices will be targeted.
Further upside LQ could be found above the equal highs from the previous weekend, around $325.

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Much appreciated!