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ETH - Past resistance now support while pushing to break $850
In my past idea, I told you to expect this breakout, which quickly broke the past resistance and has retraced half way to the target price of $935 (tradingview.com/chart/ETHUSD/I8HCRBuG-ETHUSD-2H-Breakout-to-new-ATH/).
This past resistance level is now acting as support for the ascending triangle to break past resistance at $850. If it doesn't break $850 on this run, expect it to fall back into the previous channel and be testing $850 by week's end. Still long on this position from $725, so lots of profit already made.
This past resistance level is now acting as support for the ascending triangle to break past resistance at $850. If it doesn't break $850 on this run, expect it to fall back into the previous channel and be testing $850 by week's end. Still long on this position from $725, so lots of profit already made.
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