Refer to the chart to view the 3 events or patterns that point to the confirmation of $116 bottom and the long-term uptrend with current Ascending Parallel Channel.
The inverse head and shoulders at 116 bottom leading to breakout from the long-term descending parallel channel since Jun 2019 into forming of the current Ascending Parallel Channel shows a strong reversal bearish to bullish long-term trend.
Just an observation. Please do your own research and analysis too.
The inverse head and shoulders at 116 bottom leading to breakout from the long-term descending parallel channel since Jun 2019 into forming of the current Ascending Parallel Channel shows a strong reversal bearish to bullish long-term trend.
Just an observation. Please do your own research and analysis too.
Comment:
ETHUSD is also at the top of the Ascending Parallel Channel + @ 50% Fib Retracement Level
ETHUSD is now having resistance at 50% fib retracement. Will it reject or burst through?