If #ETH breaks the neck line on this double bottom pattern i expect to see £2800.
This is a very common trading pattern and lots of retail and institutions traders will be watching it.
HOW ITS TRADED.
-Once we break above the all time high (neck line of the "w"), we should see a brief retest of that line.
-If the retest holds we will see large buys only increasing as we break above the initial breakout.
£2800 is a minimum for this pattern.
With institutions,industries and governments realizing the scope of blockchain i fully expect #Ethereum to go much higher
in the coming years.
This is a very common trading pattern and lots of retail and institutions traders will be watching it.
HOW ITS TRADED.
-Once we break above the all time high (neck line of the "w"), we should see a brief retest of that line.
-If the retest holds we will see large buys only increasing as we break above the initial breakout.
£2800 is a minimum for this pattern.
With institutions,industries and governments realizing the scope of blockchain i fully expect #Ethereum to go much higher
in the coming years.