ETHUSD Moving In Minor Ascending and Descending Channels

Just wanted to share this. Within the mahjor ascending parallel channel, ETHUSD is forming minor ascending and descending parallel channels breaking out in a timely manner upon reaching the top and bottom of major ascending channel. Its definitely interesting to note. Cheers!

Note: There was a mistake. I meant the fib retracement level 61.8 (268.87) and 65% (276.78) pocket.

Commentaire:

ETH has been testing that fib support many times now. Here is an update of what might happen if that support fails

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ETH on a mission. That is a hard pull back. I always had a feeling that although everything was super bullish, they weren't gonna make it too straightforward for us and this is trapping more shorters for the fuel.