Ethereum

W Bottom on Ethereum

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Here's what I'm looking at with Ethereum at the moment. Potentially forming a W Bottom on the Bollinger Bands.

You can see a drive just below the BB Support, then a push to the middle. I'm looking for a second test of the support around $292, and then a breakout of the pattern taking us to around $350. 1 Day MACD is tightening, and a crossover could coincide with the completion of this pattern.

I'm also looking at a larger ascending triangle formation as a few others are too. I'd like to see the momentum from the W Bottom push us out of that and back towards new ATHs.

I'll be going long at $292.

Feragatname

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