Retesting the breakout from this summer's "bullish falling wedge" pattern before continuing upward will form a "W" pattern and the price target for a breakout of the falling wedge lines up with Ethereum's previous macro high of approximately .124 BTC in 2018 and would also further crystalize the 4-year "cup and handle" pattern that has been forming, with potentially smaller "cup and handle' patterns and "W" patterns within the larger handle on smaller time frames. Potentially a lot of bullish confluence heading into early 2022 on the ETH / BTC pairing.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.