ETH liked the triangle and decided to move inside
Updated
Looking for sideway action here between 3455-3853 until end of September, perhaps until the third week. If that inverse head and sholders patters plays out, then expect a decisive move to all time highs perhaps $4,800 but that also may be a supply zone and will take ETH to backtest the triangle at around $3850 maybe more than once. Then by October it should take off to new highs and we may see 5K finally or 0.10BTC if BTC is still at 50K
Beware, invalidation can take it to the triangle base around $2,400
Beware, invalidation can take it to the triangle base around $2,400
Note
I still think the wedge is a good play for longs. May wait until (B) hits to add a bit.Note
ETH broke below the wedge, possibly invalidating the first pattern. Be mindful of point A below if it decides to change route inside the black triangle down to $2280
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