needfulSeagull65621

needfulSeagull65621

ETH is having a long term strong support line in red dotted and it is forming a triangle (in blue lines) recently. IMHO the most probable way to exit the triangle would be up. This idea will be validated even at $1850, but invalidated below $1700. This is not a financial advice.

needfulSeagull65621

After observing an upwards channel of 49 days followed by a downwards pattern of 58 days (!), I am confident that downwards has lost its steam and an ABCD pattern is forming upwards in the coming days. Early signs of this trend reversal are already evident at the time of writing this. Note that this is not a financial advice, just a thoughtful guess!