ETHUSD 1D Completed Cup and Handle and Retest

ETHUSD has completed a 5-month Cup and Handle pattern. On May 12, September 3, October 15, 16, 17, 18, and 19 the resistance line held. On October 20, ETH broke through the resistance or C&H confirmation line. On October 21-22, ETH retested the resistance for support. ETH has bounced off the prior resistance to establish it as support and has confirmed its movement up. The cup and handle pattern formed a target of $6423.07 for a 60-65% return. Notice that this resistance has been strong for 5 months and in the handle there is an inverted Head and Shoulders pattern. The prior resistance is also at the 0.618 fib of the last impulse....very bullish!