In this weekly chart,ETh must hold the green support zone near wma200 @1260 for the cup & handle pattern tp play out.
BULLISH SCENARIO: ABC has ended with wave C bottomed at 883 & a new EW cycle begins with a cup & handle holding the1260 green zone & a BO of wma20 is coming.
BEARISH CASE: A wave 5 of C is still in the making which may make a double bottom near 883 or even a lower low near 600.
We will anticipate but not speculate. BE REACTIVE & NOT PREDICTIVE!
Not trading advice
BULLISH SCENARIO: ABC has ended with wave C bottomed at 883 & a new EW cycle begins with a cup & handle holding the1260 green zone & a BO of wma20 is coming.
BEARISH CASE: A wave 5 of C is still in the making which may make a double bottom near 883 or even a lower low near 600.
We will anticipate but not speculate. BE REACTIVE & NOT PREDICTIVE!
Not trading advice