3 things happening in ETH
1. We are currently breaking out of the down trend since Dec 2021. Clean breakout.
2. Mini inverse H&S forming for a breakout towards ~$2000
3. If we break out to wards ~$2000 area we will then form a large Cup & Handle
Although doom and gloom everywhere this seems like a very likely scenario to me. Would be nice to get a Santa Rally
Please clear ~$28 level so we can punch through and get closer to 29.50 which will give us a nice breakout to trigger all of the technical buyers that would run it up $32. Please happen to night so I can open these bottles and order my lambo.
If we bounce off 4365 - will go up to 4430 and if break above - 4600
If we do not hold - will go down to 4280 and if do not hold than 4100-4200 range
I want to see the downside but the market doesnt care about what I want