ETH TF 1D - Cup and Handle Still in Play

Feb 5

Cup and handle remains in play - the handle is in a nicely predictable downward channel that shows ideal entries for the expected upward launch (eventually) from the cup and handle pattern. Should the price drop below the red support, all bets are off. Traders may find opportunities to scalp within the channel, and HODLers may find this a good opportunity to establish a position. Good luck!

Feb 6

Note

That "cup and handle" may also turn out to be the right half of an inverted head and shoulders pattern also... pretty excited to see this play out.