ETH - Attempting Breakout of 2 Patterns
Alongside BTC, ETH is also attempting to breakout to the upside.
ETH has formed 2 bullish patterns.
The first is a symmetrical triangle (white trendlines). Currently, we have already seen a strong breakout above that trendline. Of course, we could see price retest that trendline as old resistance action as new support.
Price has also formed a 'W" pattern (purple lines). Right now ETH is attempting to break the neckline. If successful, our measured move lines up perfectly with our last high around $4,100.
ETH has formed 2 bullish patterns.
The first is a symmetrical triangle (white trendlines). Currently, we have already seen a strong breakout above that trendline. Of course, we could see price retest that trendline as old resistance action as new support.
Price has also formed a 'W" pattern (purple lines). Right now ETH is attempting to break the neckline. If successful, our measured move lines up perfectly with our last high around $4,100.
Penafian
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