If ETH breaks out, and stays above the neckline, this is a cup & handle / inverse head& shoulders with a technical target of $160.
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I took profit, Going to re-enter long on the next breakout (above 125)Note
(that is ... $125 Bitmex, or $128 bitfinex, the red box above is next breakout zone)Note
ETH still going, $130 Bitmex overnight!Trade closed: target reached
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People are asking me 'is it good to buy ETH here?'When a parabola breaks, it typically retraces 80-90% of the run
(see twitter.com/PeterLBrandt/status/1076229932689158145 )
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^ Sorry should say 3./ 'Distribution volume' (higher vol + smaller price range)Related publications
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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.