ETH Broke ATH, look for continuation to buy
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Hello everyone:
WE see some strong crypto push, and ETH certainly is one that is on my watch.
Look at how price develop was key in this. We see price first approached the ATH, and formed an ascending channel structure, seemly showing us a reversal is coming.
However, after a LTF bearish pushed down, it didn't not reach the lows before a strong bullish reversal, hinting that the bearish momentum may already be exhausted.
Wee a pennant like continuation structure to bring the price impulsively pass the ATH, great indication for further upside.
As always, don't jump into the buys. Wait for LTF continuation correction for the confirmation for entry.
Thank you
ノート
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