ETHUSD Perpetual Contract

Ethereum, Decisive Formation Can Lie Ground For Protraction!

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Hi,

Welcome to this analysis about Ethereum, we are looking at the hourly timeframe perspective. As already mentioned in previous analysis Ethereum is already building a main inverse head-and-shoulder-formation, besides that, I also detected another decisive formation that can underline the possible upcoming breakouts. As seen in my chart Ethereum is also about to form this ascending-flag-formation with the coherent wave-count within that already almost completed, when Ethereum now manages to show up with the proper volatilities and breakout above the upper-boundary it will be the origin for the next conclusions to be made, mainly the dynamic-target-zone marked in blue is realistic in this case, it will be an interesting development.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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