Possible ETH Cup & Handle Setup - Waiting for Confirmation

2 thg 9, 2021

Nice ol' Cup set-up so far, looking for us to complete up to 4K then correct down for the handle confirmation.

Then watch the price book move the buy wall up to 3k and rocket back up to a new ATH once that volume fills.

5 thg 9, 2021

Ghi chú

Comment: Order Book Sell wall at $4,000 was falling quickly, from time posted it went from 44M to 24M to 19M in 2 days.

Sell wall is growing again, up to 29M. If the bears do step in then we should see the handle on our cup play out next week.

7 thg 9, 2021

Ghi chú

Wicked right down to support at $3,000. Largest transactions were 2 addresses for swapping 30,000 ETH. Little flash crash to pickup those buyers and shake out those with stop-losses.

Looking strong for confirming handle setup, lets hope its just 1-2 weeks of weakness and not 3-4.

15 thg 9, 2021

Ghi chú

Handle is forming nicely, basing up. Lets see the follow through, ascending triangle. Higher lows.

22 thg 9, 2021

Ghi chú

Not going to lie, this dip made me sweat, even question the strategy but I am still holding. This is unnaturally below the intended 3k dip but its to be expected with this month and the known looming issues.

The next few weeks could be rocky, steady your conviction.

Will update if / when I sell in the future.