Volume needed to confirm any breakout past channel into Modified Pitchfork Moderate Correlation in channel with tops matching BTCUSD events Assume blue/red channel breakout with DOGE or POT stability or with increase in volume Watch 47.07 resistance, well confirmed by immediate channel as support turned resistance. Prediction: drop to support at 45.48, rise to...
Watch volume for next 48 hours. Assuming no geopolitical catalyst (i.e. China and India) or Bitcoin volatility, price will fall back to resistance level of initial breakout channel.
Generic supports and intermediate term channels. Price will correct downwards until resting at the support of newer channel to the resistance of the older (pre-breakout) channel.
Technical Analysis, plain and simple, assuming Ethereum is overvalued but still bullish