Heads up! Looks like ETH decided to break through the channel instead of breaking down. Nice double-shaded squeeze has broken through the track line, the 50DMA, and the edge of this channel all in one move. Breakout arrow still in progress right now, but so far so good. A close above would be a great start.
Also, we have a possible confirmed bottom signal on the Weekly if we can hold above $3,075 at the Weekly close.
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$ETH
Heads up! Looks like ETH decided to break through the channel instead of breaking down. Nice double-shaded squeeze has broken through the track line, the 50DMA, and the edge of this channel all in one move. Breakout arrow still in progress right now, but so far so good. A close above would be a great start.
Also, we have a possible confirmed bottom signal on the Weekly if we can hold above $3,075 at the Weekly close.
Let's f*cking go! 🔥