Ethereum Accumulation before the bump?💲
Updated
💲Ethereum Accumulation before the bump?
💲This post is a direct continuation of my previous post:
💲From what we can see we are in a triangle of accumulation.
💲The support zone has been defended again, it stems from the 0.618 level of the upward wave after the breakout.
💲Ahead of us we find strong resistance which stems from the level 1.618 of the correction of the upward impulse and 0.618 of the entire downward wave.
💲I am very curious if the support zone will be defended and we will not see new lows.
💲A fact worth noting is that the major US indices are falling and the relatively cheap cryptocurrencies are not reacting to these declines but are still in accumulation
💲The scenario I am playing out is a continuation of the upside with a final breakout from the cumulative triangle to break out to the resistance zone.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
💲This post is a direct continuation of my previous post:
💲From what we can see we are in a triangle of accumulation.
💲The support zone has been defended again, it stems from the 0.618 level of the upward wave after the breakout.
💲Ahead of us we find strong resistance which stems from the level 1.618 of the correction of the upward impulse and 0.618 of the entire downward wave.
💲I am very curious if the support zone will be defended and we will not see new lows.
💲A fact worth noting is that the major US indices are falling and the relatively cheap cryptocurrencies are not reacting to these declines but are still in accumulation
💲The scenario I am playing out is a continuation of the upside with a final breakout from the cumulative triangle to break out to the resistance zone.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Comment
Ready for a bump?Comment
ETH getting closer to breakout
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
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