ETH Ascending Wedge into Head and Shoulders Test by mid-November
Some quick charting with main trend lines stretching back years, with pattern trendlines months long. The head and shoulders began at the beginning of the year and could take until early next year to complete if the ascending wedge (green and yellow) runs its course.
We will see a major test in the next month which will return to test the long term growth line around $1800 by the end of Q1 next year. From there, we will either see a longer turn down much line the bear market of a couple years ago, or we will see a push for new highs which will postpone the correction for another year or so.
We will see a major test in the next month which will return to test the long term growth line around $1800 by the end of Q1 next year. From there, we will either see a longer turn down much line the bear market of a couple years ago, or we will see a push for new highs which will postpone the correction for another year or so.
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