On the 4 hour chart, ETH has traced out a beautiful cup and handle formation. It is attempting to breakout of this formation now over $2700.
The depth of the cup is shown. I cloned that depth line and placed it on the breakout point. The cup depth + the breakout point = the target price ETH is likely to go towards and meet as a minimum in coming days and weeks.
That target is $3187.
The depth of the cup is shown. I cloned that depth line and placed it on the breakout point. The cup depth + the breakout point = the target price ETH is likely to go towards and meet as a minimum in coming days and weeks.
That target is $3187.
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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.