breaking 1st and 2nd line could be the sign of alt season
IF ETH could break the 1 and 2 lines I believe it would reach the previous ATH and may make a new one.
we have to track the fundamental news also
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ETH has a semi-strong resistance above his head, it needs to break it and we need RSI over 50 % for that breakout,
a break above triangle: ALT party
a break below triangle: alt crash
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for me scenario is still valid, and I think the breaking up is more probable than breaking down, we are in a strong resistance but if we break definitely we will have an alt party and all the altcoins will pump.
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afrer a retracement and reacting to 50% Fibo . price rises up now we just break the resistance and placed in the FIBO 0.38 , so far we need a close above all of them to continue the trend and go up
it is possible to close above
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the first high reached, breaking the next dynamic trend line is so important, its is the signal for the start of greater alt party
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due to the positioning of RSI, and reaching the first target,
I believe these two scenarios is more probable and the price might make a retest (pullback), these might fail or not, just my idea