Hello my friends!!!
As you can see my cup and handle pattern is confirmed! Later than I had anticipated but it still happened.
Looking at the 45 minutes chart, you can see that ETH entered the in blue illustrated BULLISH area. Ethereum broke a very big resistance line which has not been broken since January!
I still think we could go back down to the buy zone but this chance is getting smaller and smaller as ethereum advances.
You can see white Lines going through the blue and green marked areas. Those lines are big resistances for ethereum which can stop ethereum from advancing and maybe even make it bearish again.
For now it looks like ethereum managed to become bullish, just like Bitcoin did (See my previous post about BTC). I am putting my bull clothes on and am looking forward to what ethereum will do! However, I keep my bear clothes very close. I will only become entirely bullish when ethereum manages to break the resistance line which seperates the blue from the green area.
For now, let’s enjoy our profits and the ride.
Let me show you the horizon!
Greetings, Krypton
As you can see my cup and handle pattern is confirmed! Later than I had anticipated but it still happened.
Looking at the 45 minutes chart, you can see that ETH entered the in blue illustrated BULLISH area. Ethereum broke a very big resistance line which has not been broken since January!
I still think we could go back down to the buy zone but this chance is getting smaller and smaller as ethereum advances.
You can see white Lines going through the blue and green marked areas. Those lines are big resistances for ethereum which can stop ethereum from advancing and maybe even make it bearish again.
For now it looks like ethereum managed to become bullish, just like Bitcoin did (See my previous post about BTC). I am putting my bull clothes on and am looking forward to what ethereum will do! However, I keep my bear clothes very close. I will only become entirely bullish when ethereum manages to break the resistance line which seperates the blue from the green area.
For now, let’s enjoy our profits and the ride.
Let me show you the horizon!
Greetings, Krypton