Long

Possible ETH Cup & Handle Setup - Waiting for Confirmation

Updated

Nice ol' Cup set-up so far, looking for us to complete up to then correct down for the handle confirmation.

Then watch the price book move the buy wall up to 3k and rocket back up to a new ATH once that volume fills.

Note

Comment: Order Book Sell wall at $4,000 was falling quickly, from time posted it went from 44M to 24M to 19M in 2 days.

Sell wall is growing again, up to 29M. If the bears do step in then we should see the handle on our cup play out next week.

Note

Wicked right down to support at $3,000. Largest transactions were 2 addresses for swapping 30,000 ETH. Little flash crash to pickup those buyers and shake out those with stop-losses.

Looking strong for confirming handle setup, lets hope its just 1-2 weeks of weakness and not 3-4.

Note

Handle is forming nicely, basing up. Lets see the follow through, ascending triangle. Higher lows.

Note

Not going to lie, this dip made me sweat, even question the strategy but I am still holding. This is unnaturally below the intended 3k dip but its to be expected with this month and the known looming issues.

The next few weeks could be rocky, steady your conviction.

Will update if / when I sell in the future.

Fisbin

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