ETH to the top of the Channel

4 de dez. de 2020

ETH showing very bullish signs going into the weekend. Textbook cup and handle with an ascending neckline right under resistance at the midline of the channel.

I'm expecting a strong move toward the top of the channel and will take a profit at the fib extension.

5 de dez. de 2020

Nota

After a little bit of drawdown, we are looking very bullish on the lower time frames.

The handle dropped a little lower but was caught by the .382 fib level, which keeps the C&H valid as it did not break the 50% level.

15 min is showing an inverse head and shoulders with a target which will force a retest of the cup and handle neckline. We are looking very bullish moving into next week.