Cup and Handle formation is building up on 
ETH daily chart. It seems that current price drop is a part of Handle curve. Volume levels confirm the Cup formation declining along with the price, keeping it low on the base of the bowl and subsequently increasing. Only weak point here is the fact that begging of the formation doesn't correspond to price peak, nevertheless this is not mandatory is Cup and Handle technically can be produced at lower levels as well.
Currently handle is dipping into what previously was confirmed support zone.
If support will hold one more time we will see handle completed and potentially successful breakout that could send us as high as 200 euro resistance level, passing by heavy resistance around at 135-145 euro and 155-165 euro. If current support level will fail the we are falling back to test previously unconfirmed support level around 90 euro.
This information is provided for education purposes only.
ETH daily chart. It seems that current price drop is a part of Handle curve. Volume levels confirm the Cup formation declining along with the price, keeping it low on the base of the bowl and subsequently increasing. Only weak point here is the fact that begging of the formation doesn't correspond to price peak, nevertheless this is not mandatory is Cup and Handle technically can be produced at lower levels as well. Currently handle is dipping into what previously was confirmed support zone.
If support will hold one more time we will see handle completed and potentially successful breakout that could send us as high as 200 euro resistance level, passing by heavy resistance around at 135-145 euro and 155-165 euro. If current support level will fail the we are falling back to test previously unconfirmed support level around 90 euro.
This information is provided for education purposes only.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。