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Ethereum price dilemma or buy signal before 60% rally
Ethereum (ETH) price shows a tightening of the multi-month consolidation. A breakout from this sideways movement could trigger a volatile move to the upside. Ethereum price edges closer to breakout: Ethereum price has set up three higher lows and three roughly equal highs since June 2022. Connecting these swing points using trend lines, reveals an ascending triangle setup. A decisive weekly candlestick close above the triangle’s horizontal resistance level at $2,000 will signal a breakout. In such a case, this technical formation forecasts a 43% rally to $2,943, obtained by measuring the distance between the first ... (full story)
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- Posted: Nov 19, 2023 3:00pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 233
