If you read my previous post on ETH price action, you're already familiar with this channel.
I'll leave the link here :
Now, What's next?
Well, the plan is the same. Ideally we want to form a local bottom here, to cement our downtrend reversal.
If we succeed on this, most likely we will go back to 2k in no time.
If we fail, then the pattern would invalidate and we have to start from scratch.
Right now the R/R favors the bulls, of course.
Let's touch base at the end of the day.
I'll leave the link here :
Now, What's next?
Well, the plan is the same. Ideally we want to form a local bottom here, to cement our downtrend reversal.
If we succeed on this, most likely we will go back to 2k in no time.
If we fail, then the pattern would invalidate and we have to start from scratch.
Right now the R/R favors the bulls, of course.
Let's touch base at the end of the day.