Hi everyone, here is why I think ETH just double bottomed. First of all, the entire crypto market is considered speculative so overall it all has had unrealistic gains (read about "Tulip Mania" for more info and how these speculative markets held up in the past). However, out of all of them ETH is the strongest one and is soon to take over BTC in market cap. It is...
Double bottom forming on the 770$ strong support line. Break over 1200$ will signify the downward channel break and end of the correction. Lots of volume coming in at 770$ support line, momentum will help push over 1400$. #LongTerm #Bullish
Long if triangle breaks up tight SL at 8.48 TP1 10.10 TP2
Rising triangle long the break around 8.00 SL 7.85 TP1 8.29
Long on break of triangle SL at 7.42 TP1 7.83 TP2 8.70
Leading diagonal pattern support for wave 5 at 45.81. Wait for strong break through at 49.68 to CONFIRM the inverse head and shoulders. TP of 54.04 TIGHT SL.