If ETH breaks ATH, using extended fib levels created using the entire recent ETH correction from ATH, we can reasonably assume the next top will be between $5,800 and $7,700.
The timing could be very fast, as early as Q4 2021, or long and as late as Q3 2022. Which will depend how price interacts with the ATH. a double top would make it very likely to retrace down heavily and increase the time needed to breakout.
The double top would only be confirmed on a nice strong rejection passing 50% retrace; else we could simply have formed a cup and handle and have a third ATH test leading into a breakout above it.
The other options are simply shooting straight up through ATH and either retracing to confirm support (or not).
The timing could be very fast, as early as Q4 2021, or long and as late as Q3 2022. Which will depend how price interacts with the ATH. a double top would make it very likely to retrace down heavily and increase the time needed to breakout.
The double top would only be confirmed on a nice strong rejection passing 50% retrace; else we could simply have formed a cup and handle and have a third ATH test leading into a breakout above it.
The other options are simply shooting straight up through ATH and either retracing to confirm support (or not).
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