rarePear50768

ETH analysis on daily chart

BINANCE:ETHUSDT   Ethereum / TetherUS
ETH has been running within channel between 1550 and 1680 for the past few weeks. ETH is now forming Cup and handle pattern. If it connivingly breaks resistance at 1686, expect to long ETH. Take entry after breaks resistance. TP1 and TP2 at Fibonacci levels mentioned. Stop loss should be at current support of 1550.
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.