ETH Cup and Handle

Updated

I have been confused about ETH's chart for a while. It looks a lot weaker than BTC and it has been consolidating in this range for a very long time without a break out. I am going to make the argument for a cup and handle pattern. Current price action in the handle is flagging underneath the upper regression line. A break out would move toward the cup top. Price target is yellow line. A break below the lower handle regression line would invalidate the cup and handle.

Not financial advice.

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Price broke above the handle channel.

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Price is now at the cup top

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Bullish consolidation under strong resistance

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Price is starting to breakout above the cup high.

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2400 looks like resistance

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Almost at 2400!

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2600 today!

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Target reached

Thnacks

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