Here are the two main things that I can predict from the ETHUSDT chart.
1 Cup and Handle
2 Support line
One can easily spot a Cup and Handle Formation in the ETH right now.
It all started in May 2021 and the base of the cup was formed in July 2021. In November 2021, one can easily see that cup has formed totally. Now comes the Handle. The basic thing that one can conclude from this is that price is going to be in a range and the asset is going to consolidate for some time.
It will break the cup and handle formation in Jan 2022.
The support line can be drawn from December 2020 till the current price. Though there has been sometimes where the price went below the line, it recovered very fast and the continuation of the bullish run can be seen in the same.
I am being BULLISH about ETH in the near future. It will break the cup and handle formation and the boom in the price will be seen hopefully very soon.
1 Cup and Handle
2 Support line
One can easily spot a Cup and Handle Formation in the ETH right now.
It all started in May 2021 and the base of the cup was formed in July 2021. In November 2021, one can easily see that cup has formed totally. Now comes the Handle. The basic thing that one can conclude from this is that price is going to be in a range and the asset is going to consolidate for some time.
It will break the cup and handle formation in Jan 2022.
The support line can be drawn from December 2020 till the current price. Though there has been sometimes where the price went below the line, it recovered very fast and the continuation of the bullish run can be seen in the same.
I am being BULLISH about ETH in the near future. It will break the cup and handle formation and the boom in the price will be seen hopefully very soon.
Waiting to see ETH hit $10K.