The drop from $1350 on Jan 10th to $905 on Jan 11th eventually formed a cup when ETH reached $1440 on Jan 19th. $1350 - $905 = about $440; add $440 to the ATH cup neck and you get a target of $1880.
The handle has been forming the last 4 days. From $1440 ETH dropped to $1040 on Jan 22nd. When ETH hits the $1440 ATH and neckline of the cup and handle; the target also points to $1880.
A smaller inverted head and shoulders formation today may be playing out which will help ETH reach back to the $1440 ATH.
The handle has been forming the last 4 days. From $1440 ETH dropped to $1040 on Jan 22nd. When ETH hits the $1440 ATH and neckline of the cup and handle; the target also points to $1880.
A smaller inverted head and shoulders formation today may be playing out which will help ETH reach back to the $1440 ATH.