TheChartGuys

ETH Potential 4 Hour Cup and Handle

COINBASE:ETHUSD   Ethereum
BTC remains in the daily equilibrium so nothing to update there until it breaks.
ETH bulls are positioned very well in correlation.
If this pattern follows through we should see a bull break into a lack of resistance over $160.
I personally have a stop buy set and the first thing I will do if it triggers, is ensure that BTC bulls are breaking bullish as well from the daily pattern.
The 2nd support level in the $144s is the more important level at this point to keep the bulls in full control.
Action should pick up in the sector later this weekend when BTC shows the way.

Checkout our full trading resources online www.chartguys.com

Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.