Cup and Handle formation in Ethereum ! Will it be bullish?
Well its a Crucial Point
There are both bullish and bearish Scenario !
Firstly, It is a falling wedge pattern with 3 wave of Eliot
it can form the 4th wave after facing resistance from 3985usdt to 2679usdt Its the short term bearish scenario
Secondly, There is a cup and Handle formation which is a bullish scenario The pattern must have to break the 3985 resistance by the falling wedge to continue bull zone
There are both bullish and bearish Scenario !
Firstly, It is a falling wedge pattern with 3 wave of Eliot
it can form the 4th wave after facing resistance from 3985usdt to 2679usdt Its the short term bearish scenario
Secondly, There is a cup and Handle formation which is a bullish scenario The pattern must have to break the 3985 resistance by the falling wedge to continue bull zone