#ETH 1D Update
After a listing-trend, the price action is consolidating in a rectangular range and has broken out
There are two short-term targets
1-2 times the price difference from the bottom of the rectangle to the top
1x is 2777, 2x is 3004
For the long-term target, 1-2 times the price difference in segment AB
1x is 3274, 2x is 4001
Re-entering and moving within the rectangle means this view is invalid
On smaller timeframes, there is no entry structure—wait for the market to consolidate further!
After a listing-trend, the price action is consolidating in a rectangular range and has broken out
There are two short-term targets
1-2 times the price difference from the bottom of the rectangle to the top
1x is 2777, 2x is 3004
For the long-term target, 1-2 times the price difference in segment AB
1x is 3274, 2x is 4001
Re-entering and moving within the rectangle means this view is invalid
On smaller timeframes, there is no entry structure—wait for the market to consolidate further!
