ETH - Past resistance now support while pushing to break $850
In my past idea, I told you to expect this breakout, which quickly broke the past resistance and has retraced half way to the target price of $935 (www.tradingview.com/...Breakout-to-new-ATH/).
This past resistance level is now acting as support for the ascending triangle to break past resistance at $850. If it doesn't break $850 on this run, expect it to fall back into the previous channel and be testing $850 by week's end. Still long on this position from $725, so lots of profit already made.
This past resistance level is now acting as support for the ascending triangle to break past resistance at $850. If it doesn't break $850 on this run, expect it to fall back into the previous channel and be testing $850 by week's end. Still long on this position from $725, so lots of profit already made.