Since hitting its all-time high early May, ETH has failed to make a new high. During this time, a massive cup & handle pattern has formed on the daily chart.
Since the start of October, the "handle" part of the pattern is shaping up perfectly. I'm expecting a break out and a new all-time high in the coming weeks (days?).
First target for the break out is placed at $5000, second $5500. I'm not expecting a major sell-off from ETH before reaching this area.
Happy trading!
Since the start of October, the "handle" part of the pattern is shaping up perfectly. I'm expecting a break out and a new all-time high in the coming weeks (days?).
First target for the break out is placed at $5000, second $5500. I'm not expecting a major sell-off from ETH before reaching this area.
Happy trading!
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