ETH showing very bullish signs going into the weekend. Textbook cup and handle with an ascending neckline right under resistance at the midline of the channel.
I'm expecting a strong move toward the top of the channel and will take a profit at the fib extension.
I'm expecting a strong move toward the top of the channel and will take a profit at the fib extension.
Comment
After a little bit of drawdown, we are looking very bullish on the lower time frames.
The handle dropped a little lower but was caught by the .382 fib level, which keeps the C&H valid as it did not break the 50% level.
15 min is showing an inverse head and shoulders with a target which will force a retest of the cup and handle neckline. We are looking very bullish moving into next week.
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
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