$ETH Daily Bullish dragon & Bullish engulfing
Real clean bullish dragon pattern here on ETH with the daily Bullish engulfing today.
Initially looking for the range high target at 2810. This would confirm the double bottom, and the expectations above that would be a 1.618 extension, or as high as the measured move of the double bottom.
A break above the upper supply line would then raise the targets to 4490-4885, and as high as about 6k for a 1.618 extension of the correction.
Breaking the local supply line, and retesting the top of the range would be a great start here.
Initially looking for the range high target at 2810. This would confirm the double bottom, and the expectations above that would be a 1.618 extension, or as high as the measured move of the double bottom.
A break above the upper supply line would then raise the targets to 4490-4885, and as high as about 6k for a 1.618 extension of the correction.
Breaking the local supply line, and retesting the top of the range would be a great start here.
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