Eth cup and handle looks posed to breach rimline soon

28 нояб.

We have confidently broken upwards from the handle and the handle’s full breakout target takes us above the rimline of the cup. Many other cup and handles have already validated their breakouts, the most notable being Bitcoin, total, solana, and total2. Ethereum is very probable to follow in their footsteps (pricesteps? Wick steps? Candle steps?) We are also about to have a golden cross on the daily chart for ethereum so here is a zoomed in shot of the handle breakout progress and the golden cross so we can keep track of how the cross impacts price action:

. Since the handle’s breakout target is just above the rimline of the cup, it wouldn’t surprise me if price lingers just above and just below the rimline for a little bit to toy with leverage traders before it finally decides to flip it solidified support and validated the breakout. We shall see soon enough *not financial advice*

28 нояб.

Заметка

On the monthly chart, you can actually make the handle a flag with a fairly long pole. So in doing so you are given a bullflag breakout target just over 5k.

28 нояб.

Заметка

Posed= poised :P it won’t let me edit the title anymore though.