A) Consolidate briefly on lower timelines before shooting to ATH
or
B) Return to rising wedge line
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Update: Looks like the correct answer was A in the shorter term
Going back down to the rising wedge line is still a possibility imo as all of the ETH ATH breaks thus far have been tepid and overextended leading to much needed consolidation shortly after. This time does look a bit different as the price action has been a bit more stepwise than parabolic opening the possibility for bulls to have moved support up to the mid 1400's. Current setup makes a break of 1500 seem likely today!
@Joontree, I think a bunch of people bought at 1280. It is where everyone was calling the support on TV. And then they exited at 1400. The volume sizes are very similar at those points in the half hour timeframe. I think it will collapse because they all exited. I'm not sure how low though.