ETH cup and handle
#ETH/USDT
ETH shaped cup and handle pattern in short term and broke out from resistance.
🐮 so price can have another leg up to touch 2 fib level of cup, which is the same with 0.382 fib level of daily swing down.
🐮🐮 breaking out from this resistance will increase price toward resistance zone between 0.5 and 0.618 fib levels that is the samw with descending trend line.
🐻 rejection from $1900 and break down ascending support will lead price toward support zone around $1600.
ETH shaped cup and handle pattern in short term and broke out from resistance.🐮 so price can have another leg up to touch 2 fib level of cup, which is the same with 0.382 fib level of daily swing down.
🐮🐮 breaking out from this resistance will increase price toward resistance zone between 0.5 and 0.618 fib levels that is the samw with descending trend line.
🐻 rejection from $1900 and break down ascending support will lead price toward support zone around $1600.
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