Looks like the horizontal support at 55400 is holding for now. If the cme gap were to fill it should've done it already. Now a cme gap fill risks price falling out of the ascending triangle. Most cme gaps do fill, but they do not have to fill immediately or at all.
Looking at eth also testing its horizontal support, I believe the bottom is in. Give it about 3-4 days to form the right shoulder and test 60k. If price breaks above, target area for me is 66-70k. Maybe higher if things get crazy.
Looking at eth also testing its horizontal support, I believe the bottom is in. Give it about 3-4 days to form the right shoulder and test 60k. If price breaks above, target area for me is 66-70k. Maybe higher if things get crazy.
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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.