ETH to the top of the Channel
Updated
ETH showing very bullish signs going into the weekend. Textbook cup and handle with an ascending neckline right under resistance at the midline of the channel.
I'm expecting a strong move toward the top of the channel and will take a profit at the fib extension.
I'm expecting a strong move toward the top of the channel and will take a profit at the fib extension.
Note
After a little bit of drawdown, we are looking very bullish on the lower time frames.
The handle dropped a little lower but was caught by the .382 fib level, which keeps the C&H valid as it did not break the 50% level.
15 min is showing an inverse head and shoulders with a target which will force a retest of the cup and handle neckline. We are looking very bullish moving into next week.
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
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.