ETH, Give Me Confidence, Upward Channel Forming - Needs To Break
Outer Perspective
Taking the trend line from the ATH and the lows back to the start of ETH’s inception and bringing them to the right side of the screen, diving in you can see the angle of projection .
Inner Perspective
From the previous low projecting upwards we can see that touch two has formed and confirmed and an upward channel in forming (price could respect these bounds). parallel projection has been made.
Price Level Consideration
ATH: 1597.08
All Time High Half Way Point: 798.53
Previous High: 291.24
Previous Low: 89.57
🐃 Bulls Verse Bears 🐻
🐃 Bullish above: 363.29
🐻 Bearish below: 115.22
Monthly & Weekly Opens
Monthly Open: 206.25
Weekly Open: 187.48
Taking the trend line from the ATH and the lows back to the start of ETH’s inception and bringing them to the right side of the screen, diving in you can see the angle of projection .
Inner Perspective
From the previous low projecting upwards we can see that touch two has formed and confirmed and an upward channel in forming (price could respect these bounds). parallel projection has been made.
Price Level Consideration
ATH: 1597.08
All Time High Half Way Point: 798.53
Previous High: 291.24
Previous Low: 89.57
🐃 Bulls Verse Bears 🐻
🐃 Bullish above: 363.29
🐻 Bearish below: 115.22
Monthly & Weekly Opens
Monthly Open: 206.25
Weekly Open: 187.48
