Hello traders,
Flat top triangle is reaching its last stage, and we all expect it to burst upon its resistance on 1210 EUR. Here are some pricing scenarios for the next days:
01. On short term, prices will rise up to 1263 - 1278 EUR, based on a inverted head and shoulders which can be identified between January 25 and 29, 2h timeframe.
02. From there, price will rebound to test the new support on 1210 -1985 EUR before resuming the bullish trend
03. Considering the height og the flat top triangle, I expect prices to rise up to 1370 - 1400 EUR, though things can get a little bit awkward when ETHUSD reaches 1600 USD, which would be around 1343 EU
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Flat top triangle is reaching its last stage, and we all expect it to burst upon its resistance on 1210 EUR. Here are some pricing scenarios for the next days:
01. On short term, prices will rise up to 1263 - 1278 EUR, based on a inverted head and shoulders which can be identified between January 25 and 29, 2h timeframe.
02. From there, price will rebound to test the new support on 1210 -1985 EUR before resuming the bullish trend
03. Considering the height og the flat top triangle, I expect prices to rise up to 1370 - 1400 EUR, though things can get a little bit awkward when ETHUSD reaches 1600 USD, which would be around 1343 EU
If you find this analysis useful, please like, comment, or donate Tradingview Coins.