ETH Potential Scenarios And Opportunities.

16 de jul. de 2022

As you may see, ETH is currently ranging between 880-1280 area. In my opinion this consolidation could be an accumulation for a push upwards towards the breakout of the previous colossal support at 1700 area and potentially forming the third top of the yellow trend line. So Bull Targets would be: The resistance around 1700, the test of the yellow trendline around 2000 and who knows maybe the retest of the orange triangle in the long run. This current consolidation could also be a potential shoulder for a inverse head and shoulders pattern if we break 880 level and see ETH collapsing towards 500 area. This opportunity could be a huge setup for long term bulls and a promising reversal.