ETH inverted cup handle

2022年11月21日

After ETH fell below the trend line, it went through a period of box shocks and tested the resistance price of 1220.00 many times, but failed to break out.
After falling below the box and the low point of trend line(1169.40) yesterday, the inverted cup handle was established.
-
The current price is in the support range of 1.272~1.382 (1120.92~1101.32).
ETH has a chance to get strong support in the yellow rectangle below (around 1080.00). Short orders need to pay attention to the risk of rebound.
The target price of the inverted cup handle is 991.18.
-
Follow the support below:
1101.32
1071.11
1059.26
991.18
879.80
876.71
-