ETH liked the triangle and decided to move inside

Looking for sideway action here between 3455-3853 until end of September, perhaps until the third week. If that inverse head and sholders patters plays out, then expect a decisive move to all time highs perhaps $4,800 but that also may be a supply zone and will take ETH to backtest the triangle at around $3850 maybe more than once. Then by October it should take off to new highs and we may see $5K finally or 0.10BTC if BTC is still at $50K

Beware, invalidation can take it to the triangle base around $2,400

評論:

I still think the wedge is a good play for longs. May wait until (B) hits to add a bit.

評論:

ETH broke below the wedge, possibly invalidating the first pattern. Be mindful of point A below if it decides to change route inside the black triangle down to $2280