ETH 4Hr Upper Trend Line Position | Channels & Flags | $300 Eth.
Updated
Greetings. A committed learner here and I would appreciate comments. Upper trend line shows limited support at the top left start portion but sometimes despite the close proximity of the touches they still play out. We have a larger descending channel with an ascending channel moving within. This smaller ascending channel seen with purple trend lines formed after a significant impulse down, it could be argued to be a bearish type flag? Now price action is converging on a point of resistances seen within the green rectangle (trend & support) . If Ethereum can navigate this resistance then a $300 Ethereum 10.91% I feel is a possibility. Eth's gotta be worth $300 right..... As I write this an ETF ruling is due in around 9 days (30th Sept). Possible FOMO is kicking in now so this by far the most far reaching fundamental may be at play.
Trade closed: target reached
ETF ruling postponed until December.
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