DrDovetail

Ethusd flirting with major double bottom neckline

COINBASE:ETHUSD   Ethereum / U.S. Dollar
ETHUSD reached withing 1-1&1/2 pips of my last measure move target($419) from the 1day chart inv h&S pattern it successfully broke out of. . .if ethusd can keep price action above this purple neckline and confirm the double bottom breakout it could climb to $674 probably within the next couple months....but being right at the neckline, it can also easily get reject here slightly and correct under the neckline for a little bit. . .Im guessing if it will take a weekly candle or 2 above the purple neckline to confirm the breakout then it should rise to the target over the following couple weeks or so after it confirms but for now I can not long this until seeing that confirmation.

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