Based on 3marketphase.
(contraction-expansion-trend, I learned this concept from dayya trading post)
ETH is at the box range.
(triangle-2024 August to October)
Plus, there is throwing-over with double-top (1week candle scale).
This means ethereum is at the end of contraction phase and it has high potential to trend phase. But I bet there is one more break-out from low before trend phase.
Keep an eye on all of break-out movements.
(contraction-expansion-trend, I learned this concept from dayya trading post)
ETH is at the box range.
(triangle-2024 August to October)
Plus, there is throwing-over with double-top (1week candle scale).
This means ethereum is at the end of contraction phase and it has high potential to trend phase. But I bet there is one more break-out from low before trend phase.
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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.