Possible ETH Cup & Handle Setup - Waiting for Confirmation

Nice ol' Cup set-up so far, looking for us to complete up to then correct down for the handle confirmation.

Then watch the price book move the buy wall up to $3k and rocket back up to a new ATH once that volume fills.

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Comment: Order Book Sell wall at $4,000 was falling quickly, from time posted it went from $44M to $24M to $19M in 2 days.

Sell wall is growing again, up to $29M. If the bears do step in then we should see the handle on our cup play out next week.

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Wicked right down to support at $3,000. Largest transactions were 2 addresses for swapping 30,000 ETH. Little flash crash to pickup those buyers and shake out those with stop-losses.

Looking strong for confirming handle setup, lets hope its just 1-2 weeks of weakness and not 3-4.

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Handle is forming nicely, basing up. Lets see the follow through, ascending triangle. Higher lows.

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Not going to lie, this dip made me sweat, even question the strategy but I am still holding. This is unnaturally below the intended $3k dip but its to be expected with this month and the known looming issues.

The next few weeks could be rocky, steady your conviction.

Will update if / when I sell in the future.

Fisbin

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Fisbin

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