ETHW USD Cup and Handle Possibly Playing Out! Target $24 -$34

ETHW has formed what looks like a nice cup and handle . There is a nice increase in volume this morning and the price is beginning to creep back up towards $14. If ETHW breaks $14 and closes above on at least an hourly then I would say the pattern is complete and a measured move to at least $24 dollars, and then $34 if its still going strong at $24. I will be waiting for the break of the neckline with decent volume for confirmation the pattern is valid and playing out. This coin is extremely volatile so proceed with caution.

If ETHW gets to previous resistance at $14 and does not break and loses steam, then this would be a nice double top and a correction down to $8 and then possibly $6 would play out

This is not trading or financial advice this is just my opinion. Thank you and good luck my friends.

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.