YES, ETHEREUM WICKED BELOW THE CHANNEL. TWICE. THAT'S THE SETUP, NOT THE FAILURE.
The pattern is simple. Price builds a rising channel, drops below it long enough to shake out everyone holding, then reclaims and runs.
It happened once earlier this year: a wick to $2,150, then $3,422.
This time it happened twice. June and July both broke the channel low and both were taken back within weeks.
Price is at $1,917, holding above both.
A single fakeout traps the impatient.
A double traps the people who thought they were smart
#ETH $BTC #Price-Prediction
The pattern is simple. Price builds a rising channel, drops below it long enough to shake out everyone holding, then reclaims and runs.
It happened once earlier this year: a wick to $2,150, then $3,422.
This time it happened twice. June and July both broke the channel low and both were taken back within weeks.
Price is at $1,917, holding above both.
A single fakeout traps the impatient.
A double traps the people who thought they were smart
#ETH $BTC #Price-Prediction