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#ETHUSD @4444 - Bouncing inside Darvas Box 4562/3924. Watch out #ETHUSD @4444 - Bouncing inside Darvas Box 4562/3924. Watch out for CLOSE abv 4562
Breakout post 4562 opens up 4865 and beyond into a new trajectory
Extremely strong Floor 3924
Sensible approach - enter on Daily IC-MC DAILY BO retest
Entry @4184
Stoploss @4020
Target 4440
Risk : Reward 1: 1.625
ETHUSD Supply n demand pattern formation on ETH on a 4hr timeframe ! Target should be around 1040$ !
🚫Disclaimer:
🔹I'm not an financial analyst! I'm sharing this with public! It just learning purpose only!
🔹 If u find anything wrong with this post ! U can tell me ⬇️ comments!
🔹incase of BTC crash ! This chart is invalid !
Thank you!!!
😊😊😊
ETHUSDTSupply and demand pattern formation on ETH on a 4hr timeframe ! Target should be around 1050$ !
🚫Disclaimer:
🔹I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
🔹incase of Market sudden crash ! This chart is invalid !
Thank you!!!
😊😊😊
ETHUSDTHere 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.