ETH wants to go high
Updated
ETH has formed nice support channels. The past 4 days has been traded above the 0.236 FIB level, and has been well supported in the red lower trendline and the orange trendline, which is a very strong support line. I can see at least 3 crucial points where ETH can bounce up and create a new higher trend. You can see how the triangles are squeezing the highs and lows and from ETHs history these are all good signs.
I am holding ETH and not planning to sell any for the short term.
If you like my ideas and helped you make/save some money, please consider tipping. ETH: 0x7B18d4abdAf0e2C3938776B06b6a5a8eee41C65f
I am holding ETH and not planning to sell any for the short term.
If you like my ideas and helped you make/save some money, please consider tipping. ETH: 0x7B18d4abdAf0e2C3938776B06b6a5a8eee41C65f
Note
ETH brokeout at the green triangle (Push 1) and now is on the upper side of the 51.8 resistance line which can turn in a nice support line. If it also breaks the other resistance line of 53.5 (which is probable) because there's a lot of traffic right now, maybe we can go even higher. I am holding ETH.
Note
Inverse cup and handle has formed on ETH. My advice is to scale out some profits and re-enter between $80-82
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