ETH is completing two price movement structure:
1) Symmetrical triangle as continuation pattern
2) Fibonacci retracement at 61.8% ratio
The target for 1) is $1910 and
the target for 2) is $2350
If it hits the 1) target, most likely it will
rally until the 2) target in the next 3-4 weeks.
Break down outside below the triangle will invalidate this scenario.
1) Symmetrical triangle as continuation pattern
2) Fibonacci retracement at 61.8% ratio
The target for 1) is $1910 and
the target for 2) is $2350
If it hits the 1) target, most likely it will
rally until the 2) target in the next 3-4 weeks.
Break down outside below the triangle will invalidate this scenario.
Operación activa:
Testing the breakout triangle resistance flip into support.
Ready for more rally!
Ready for more rally!