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Way back in February we showed that Ethereum broke out of a 3 year Cup with Handle formation at 1,384.78 which called for a rally to 2,674 or maybe even closer to 3,474 if the extended Cup with Handle target came into play. This is exactly what has happened and we have now seen a test of the extended Cup with Handle target at 3,474 and we should now expect a violent correction in the weeks to come. This correction will likely hit 2,174 and possibly even the 50% correction target at 1,773 before turning higher.
That said, the alternate corrective outcome is a triangle consolidation. In this case we shouldn't expect a correction deeper than 2,674 but instead use up time in a sideways consolidation.
Trading recommendation:
It's time to sell the position from 1,385
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
