ETH formed a cup and handle with a measured move to 9.4k, However it completed a bearish harmonic, touched supply and broke down from a rising wedge. Currently it is in an ascending triangle a bearish pattern at support of 4.5k. Breakdown of this support will send ETH to retest the breakout level of the cup and handle at 3.9k.
The RSI is below 50 and the OBV has started a decent and at support of a descending triangle. In the coming days will show if price continues down for a breakout long stop hunt.
The RSI is below 50 and the OBV has started a decent and at support of a descending triangle. In the coming days will show if price continues down for a breakout long stop hunt.
Comment:
Reached supply
Comment:
Hit supply, but 5.2k ATH very possible
