Cup and handle pattern trying to breakout here, the "handle" is a bull pennant.
Sitting on a rather significant previous resistance.
If this pattern plays out here it could be considered a bullish retest.
Sitting on a rather significant previous resistance.
If this pattern plays out here it could be considered a bullish retest.
Note
Essential we hold support here or ETH could be in for quite a retracement.Trade closed: stop reached
Failed to hold support on this one. But Eth is trying that same resistance again. See my wyckoff idea below.
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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.