Big push for 
ETH to get us past neckline/H4 200EMA which resulted in high just above 3k. Bat pattern removed as I don't believe it's relevant anymore based on current PA.
Expect 3k to remain as critical resistance w/ neckline (solid blue) as support; we could potentially funnel into an ascending triangle which would lengthen the current bottom.
A dashed blue line was added to indicate another support barrier if we drop again. This would likely be where a low would occur versus a close (between blue and red).
A highlighted zone was also added to indicate potential breakout locations. 3k is neckline and support is off the dotted blue line, or average lows.
Note if a bearish breakout does occur there's a high chance we could be in for another correction cycle (2200-2000).
ETH to get us past neckline/H4 200EMA which resulted in high just above 3k. Bat pattern removed as I don't believe it's relevant anymore based on current PA.Expect 3k to remain as critical resistance w/ neckline (solid blue) as support; we could potentially funnel into an ascending triangle which would lengthen the current bottom.
A dashed blue line was added to indicate another support barrier if we drop again. This would likely be where a low would occur versus a close (between blue and red).
A highlighted zone was also added to indicate potential breakout locations. 3k is neckline and support is off the dotted blue line, or average lows.
Note if a bearish breakout does occur there's a high chance we could be in for another correction cycle (2200-2000).
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Related publications
Disclaimer
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.