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ETH is on a peanut formation waiting to break, so whats happening inside?
We are stuck on a previously support that now turned on resistance, a possible W formation might be forming to take us on the top of the peanut.
Also its important that we broke the trend line that was keeping us down on the RSI and we successfully retested it.
When we break out of the peanut the targets are:
Upside Target is 2500$
Downside Target 980$
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel free to ask anything in the comments :)
ETH is on a peanut formation waiting to break, so whats happening inside?
We are stuck on a previously support that now turned on resistance, a possible W formation might be forming to take us on the top of the peanut.
Also its important that we broke the trend line that was keeping us down on the RSI and we successfully retested it.
When we break out of the peanut the targets are:
Upside Target is 2500$
Downside Target 980$
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel free to ask anything in the comments :)
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