jasonlau924

Cup and handle formation?

Long
BITSTAMP:ETHUSD   Ethereum
Potential cup and handle formation. Upside break out of handle's channel. Validation of entry if closed above resistance between 300-310.

Entry point can be the next higher low retracement or at break out. Timing also seem to align to Metropolis.

Patience is key - I would wait for validation and trade with momentum.

Thoughts?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.