Ethereum Accumulation before the bump?ðē
ðēEthereum Accumulation before the bump?
ðēThis post is a direct continuation of my previous post:
ðēFrom what we can see we are in a triangle of accumulation.
ðēThe support zone has been defended again, it stems from the 0.618 level of the upward wave after the breakout.
ðēAhead of us we find strong resistance which stems from the level 1.618 of the correction of the upward impulse and 0.618 of the entire downward wave.
ðēI am very curious if the support zone will be defended and we will not see new lows.
ðēA fact worth noting is that the major US indices are falling and the relatively cheap cryptocurrencies are not reacting to these declines but are still in accumulation
ðēThe scenario I am playing out is a continuation of the upside with a final breakout from the cumulative triangle to break out to the resistance zone.
ðIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.ð
ðēThis post is a direct continuation of my previous post:
ðēFrom what we can see we are in a triangle of accumulation.
ðēThe support zone has been defended again, it stems from the 0.618 level of the upward wave after the breakout.
ðēAhead of us we find strong resistance which stems from the level 1.618 of the correction of the upward impulse and 0.618 of the entire downward wave.
ðēI am very curious if the support zone will be defended and we will not see new lows.
ðēA fact worth noting is that the major US indices are falling and the relatively cheap cryptocurrencies are not reacting to these declines but are still in accumulation
ðēThe scenario I am playing out is a continuation of the upside with a final breakout from the cumulative triangle to break out to the resistance zone.
ðIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.ð
āļāļąāļāļāļķāļ
Ready for a bump?āļāļąāļāļāļķāļ
ETH getting closer to breakout
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