A) Consolidate briefly on lower timelines before shooting to ATH
or
B) Return to rising wedge line
Komen:
Update: Looks like the correct answer was A in the shorter term
Going back down to the rising wedge line is still a possibility imo as all of the ETH ATH breaks thus far have been tepid and overextended leading to much needed consolidation shortly after. This time does look a bit different as the price action has been a bit more stepwise than parabolic opening the possibility for bulls to have moved support up to the mid 1400's. Current setup makes a break of 1500 seem likely today!
Penafian
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Going back down to the rising wedge line is still a possibility imo as all of the ETH ATH breaks thus far have been tepid and overextended leading to much needed consolidation shortly after. This time does look a bit different as the price action has been a bit more stepwise than parabolic opening the possibility for bulls to have moved support up to the mid 1400's. Current setup makes a break of 1500 seem likely today!