ETH is two days away from a breakout from this formation.
Will price pump or dump? That is the question.
This can go either way very fast.
The indicators don't really help us much here. I am mildly bullish ETH may break above and set a new ATH, considering that on larger timeframes ETH is bullish af. So continuation is the most likely probability in this setup.
If, however, price fails and drop to the next support level, I expect ETH to quickly bounce and push higher again from that level. So nothing to worry about, such a move would just delay the next pump.
Bitcoin finds itself in a sort of similar place, but has more room of maneuver before a break (see idea below). Likely, ETH will be the first to set the tone for the next move of the overall market.
Like and follow if you liked my idea!
Will price pump or dump? That is the question.
This can go either way very fast.
The indicators don't really help us much here. I am mildly bullish ETH may break above and set a new ATH, considering that on larger timeframes ETH is bullish af. So continuation is the most likely probability in this setup.
If, however, price fails and drop to the next support level, I expect ETH to quickly bounce and push higher again from that level. So nothing to worry about, such a move would just delay the next pump.
Bitcoin finds itself in a sort of similar place, but has more room of maneuver before a break (see idea below). Likely, ETH will be the first to set the tone for the next move of the overall market.
Like and follow if you liked my idea!
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