If ETH rejects from its current levels, which in my opinion is high in probability as it heavy historical and fibonacci resistance, we could see price fall to support before testing $260 again. Should price break above in a second test, we would have a confirmed cup and handle with substantial upside. I am currently shorting ETH as a result of this resistance, targets to be determined. I am really interested in getting long at the breakout but I have little confidence we will break above on this attempt.
Happy Trading.
Happy Trading.
Let the algo show you its hand.