Ethereum Accumulation before the bump?đź’˛

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đź’˛Ethereum Accumulation before the bump?

đź’˛This post is a direct continuation of my previous post:
InvestMate|ETH/USD It's cheap, bottoms defendedđź’˛


đź’˛From what we can see we are in a triangle of accumulation.

đź’˛The support zone has been defended again, it stems from the 0.618 level of the upward wave after the breakout.
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đź’˛Ahead of us we find strong resistance which stems from the level 1.618 of the correction of the upward impulse and 0.618 of the entire downward wave.
snapshot

đź’˛I am very curious if the support zone will be defended and we will not see new lows.

đź’˛A fact worth noting is that the major US indices are falling and the relatively cheap cryptocurrencies are not reacting to these declines but are still in accumulation

đź’˛The scenario I am playing out is a continuation of the upside with a final breakout from the cumulative triangle to break out to the resistance zone.

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snapshot
Note
Ready for a bump?
Note
ETH getting closer to breakout
Chart PatternscryptodollaretehreumETHETHUSDLONGTrend AnalysisUSD

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