Ethereum Accumulation before the bump?💲

Nov 17, 2022

💲Ethereum Accumulation before the bump?

💲This post is a direct continuation of my previous post:

💲From what we can see we are in a triangle of accumulation.

💲The support zone has been defended again, it stems from the 0.618 level of the upward wave after the breakout.


💲Ahead of us we find strong resistance which stems from the level 1.618 of the correction of the upward impulse and 0.618 of the entire downward wave.


💲I am very curious if the support zone will be defended and we will not see new lows.

💲A fact worth noting is that the major US indices are falling and the relatively cheap cryptocurrencies are not reacting to these declines but are still in accumulation

💲The scenario I am playing out is a continuation of the upside with a final breakout from the cumulative triangle to break out to the resistance zone.

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Nov 17, 2022

Note

Ready for a bump?

Nov 18, 2022

Note

ETH getting closer to breakout