Hello Traders 🐺
In this idea, I want to show you one of the coolest charts I’ve ever seen in my life — seriously!
These kinds of patterns, especially on the monthly time frame, take multiple years to form, and that’s exactly why they are extremely valid. When a structure develops on higher time frames, we can rely on it more confidently and make smarter decisions 📊
As you can see on the chart, ETH price is moving inside a very clear ascending channel, and its reactions to the channel lines are simply beautiful. Let’s take a closer look:
In addition to the top and bottom of the channel, we also have a “make or break” level, shown by the blue dotted line (which is the middle line of the channel).
Price reactions to this line throughout different time periods have been amazing. And here's the more interesting part:
👉 Price is currently above the middle line, and on its way up, it’s approaching one of the most critical resistance levels — the orange descending trendline.
If we zoom out, we’ll see that ETH is actually squeezed between this descending resistance and the ascending channel's middle line, forming a beautiful triangle 🔺
If ETH can break above this triangle, we could see a massive surge, possibly taking price all the way up to the top of the channel, which in my opinion is somewhere around $15,000 🚀
Now let’s talk about RSI:
If you take a closer look at the RSI below the chart, you’ll notice a repetitive pattern.
Each time ETH enters a major bull run or makes a new all-time high, RSI touches the upper resistance in the overbought zone.
We’re still in the early stage of this cycle — and both technically and indicator-wise, there seems to be plenty of room to grow.
Hope you enjoy this idea — I’ll be happy to answer your questions in the comments below 👇
And as always, remember our golden rule:
🐺 Discipline is rarely enjoyable, but almost always profitable 🐺
🐺 KIU_COIN 🐺
In this idea, I want to show you one of the coolest charts I’ve ever seen in my life — seriously!
These kinds of patterns, especially on the monthly time frame, take multiple years to form, and that’s exactly why they are extremely valid. When a structure develops on higher time frames, we can rely on it more confidently and make smarter decisions 📊
As you can see on the chart, ETH price is moving inside a very clear ascending channel, and its reactions to the channel lines are simply beautiful. Let’s take a closer look:
In addition to the top and bottom of the channel, we also have a “make or break” level, shown by the blue dotted line (which is the middle line of the channel).
Price reactions to this line throughout different time periods have been amazing. And here's the more interesting part:
👉 Price is currently above the middle line, and on its way up, it’s approaching one of the most critical resistance levels — the orange descending trendline.
If we zoom out, we’ll see that ETH is actually squeezed between this descending resistance and the ascending channel's middle line, forming a beautiful triangle 🔺
If ETH can break above this triangle, we could see a massive surge, possibly taking price all the way up to the top of the channel, which in my opinion is somewhere around $15,000 🚀
Now let’s talk about RSI:
If you take a closer look at the RSI below the chart, you’ll notice a repetitive pattern.
Each time ETH enters a major bull run or makes a new all-time high, RSI touches the upper resistance in the overbought zone.
We’re still in the early stage of this cycle — and both technically and indicator-wise, there seems to be plenty of room to grow.
Hope you enjoy this idea — I’ll be happy to answer your questions in the comments below 👇
And as always, remember our golden rule:
🐺 Discipline is rarely enjoyable, but almost always profitable 🐺
🐺 KIU_COIN 🐺
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
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.
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
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.