ETH IS AT RESISTANCE! POSSIBLE LONG TERM SCENARIO!!
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Welcome to this important ETH update.
Currently, ETH is trading under the $2100 level. As you see in this weekly chart, ETH forming a cup and handle pattern here and trying to break the neckline. Once it breaks the neckline and the weekly candle closes above it ($2150) then we see a massive growth of 80-100% in ETH price.
On the other hand, rejection from here might take us to the lower trendline again ($1600 level) and if this happens then it will be the best opportunity to buy ETH.
So conclusion is we should wait for a clear breakout here or if breakout doesn't happen then buy near the yellow trendline ($1600)
What do you think about this? Share your thoughts in the comments section.
if you like this idea then do support it with like and follow.
Thank You!
Welcome to this important ETH update.
Currently, ETH is trading under the $2100 level. As you see in this weekly chart, ETH forming a cup and handle pattern here and trying to break the neckline. Once it breaks the neckline and the weekly candle closes above it ($2150) then we see a massive growth of 80-100% in ETH price.
On the other hand, rejection from here might take us to the lower trendline again ($1600 level) and if this happens then it will be the best opportunity to buy ETH.
So conclusion is we should wait for a clear breakout here or if breakout doesn't happen then buy near the yellow trendline ($1600)
What do you think about this? Share your thoughts in the comments section.
if you like this idea then do support it with like and follow.
Thank You!