This is the daily ETHUSDT chart
I see that the descending channel or falling parallel channel has been broken out to the up side.
When the resistance at $1359 was broken we saw the price shoot up to the next key resistance level at $1654.
Currently price is consolidating and forming a bullish pennant pattern.
Waiting to see if it breaks up or down. If it breaks the pennant upward and break resistance we can see the price shoot up again to $2026 or %1.618 fib level
If it breaks down the pennant we can see the price retrace down to fib golden pocket at %61.8-%50 fib levels.
These are the key levels I found. Thanks for viewing
I see that the descending channel or falling parallel channel has been broken out to the up side.
When the resistance at $1359 was broken we saw the price shoot up to the next key resistance level at $1654.
Currently price is consolidating and forming a bullish pennant pattern.
Waiting to see if it breaks up or down. If it breaks the pennant upward and break resistance we can see the price shoot up again to $2026 or %1.618 fib level
If it breaks down the pennant we can see the price retrace down to fib golden pocket at %61.8-%50 fib levels.
These are the key levels I found. Thanks for viewing
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