롱

ETHUSD - Possible cup and handle

If ETH rejects from its current levels, which in my opinion is high in probability as it heavy historical and fibonacci resistance, we could see price fall to support before testing $260 again. Should price break above in a second test, we would have a confirmed cup and handle with substantial upside. I am currently shorting ETH as a result of this resistance, targets to be determined. I am really interested in getting long at the breakout but I have little confidence we will break above on this attempt.

Happy Trading.