ETH channels showing some convincing price action

٢٤ نوفمبر ٢٠٢٠

Mapped out these channels started from the low marked as one, the last local high marked as 2 and then each of their next respective bottoms as 3. I'm well aware crypto is soon to enter into a logarithmic "escape velocity" phase that can't be described on linear graphs, however, it's interesting to see this price action respecting these levels on a linear chart before that phase happens.