phrygian

Cup and Handle on ETH/USD

BITFINEX:ETHUSD   Ethereum
Ether is at the midpoint of a long-term growth channel, and is reaching the convergence point of a consolidation triangle that it has been in since its meteoric rise in early 2017. While movement is expected because of the mid-term triangle completing, the tip of the triangle is also forming this cup-and-handle. Long on breakout to be safe, or beat the rush by buying a short-term dip.
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