ETH to the top of the Channel

2020年12月4日

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.

2020年12月5日

注释

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.