Ethereum / Euro trend lines
Updated
I used the line chart over a period of a few months to detect a meaningful pattern, removing the noise of daily flunctuations.
I believe I have discovered what seems to be a Pennants Patern.
I am not sure whether
ETH will follow a clear path to break out, or consolidate around 1500 euros first.
I am not so sure about the momentum, as the current volumes are lower than those that created the "flagpole".
I believe I have discovered what seems to be a Pennants Patern.
I am not sure whether
ETH will follow a clear path to break out, or consolidate around 1500 euros first.I am not so sure about the momentum, as the current volumes are lower than those that created the "flagpole".
Note
The retracement could go all the way down to 1510 euros.
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