ETH Analysis ahead of weekly candle close.
Updated
Eth has shown a Cup and handle pattern on the weekly chart.
This gives us the opportunity to analyse the same against some fib levels on the weekly as well as daily time frame.
There are a few possibilities that arise from the current levels, and also shows us the potential price movement in the short term.
2 possible scenarios have been analysed and shown as paths. anywhere a deviation from the path will be an invalidation and we will have to revisit the levels.
The current RSI 7 levels of above 70 make the second possibility stronger.
This gives us the opportunity to analyse the same against some fib levels on the weekly as well as daily time frame.
There are a few possibilities that arise from the current levels, and also shows us the potential price movement in the short term.
2 possible scenarios have been analysed and shown as paths. anywhere a deviation from the path will be an invalidation and we will have to revisit the levels.
The current RSI 7 levels of above 70 make the second possibility stronger.
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