I think we are getting closer to the final accumulation stage on ETH.
We can see a potential shape of huge channel in log scale.
After forming median of the channel I would like to see a big and fast correction near 30% from here towards 2900 support which must hold imo.
After that test of smthg around 3600 rgion and double bottom would be the best option just before few months of consolidation before breaking up and starting blow off top part.
Top of that channel depends on timing so the later the better I guess.
We can see a potential shape of huge channel in log scale.
After forming median of the channel I would like to see a big and fast correction near 30% from here towards 2900 support which must hold imo.
After that test of smthg around 3600 rgion and double bottom would be the best option just before few months of consolidation before breaking up and starting blow off top part.
Top of that channel depends on timing so the later the better I guess.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.