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Ethereum
Long

A bullish case for ETH

By BitsNPieces
Rising megaphone, or inverted triangle, with two support lines underneath. h-1 its height of first touch and possible target height once the megaphone is broken, and h-2 is height of widest part of megaphone which acts as a 2nd target for breakout. These areas happen to coincide with the 1.618 fib line which acts as a target from the previous peak, touched twice. If we breakout below the megaphone and the two areas of support are broken it would be bearish and should consider selling and buying back cheaper, or waiting and adding to the position for a lower dollar cost average. I think the possibility of this being a double top would need to be monitored closely, as levels of support are broken it would confirm the double top and be massively bearish.
Chart PatternsETHUSDETHUSDTTrend Analysis
BitsNPieces

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