Well, this Cup-Handle Formation is a bit too obvious

I don't know if this is a bit too obvious, but I expect ETH to follow a cup-with-handle pattern, hit 1000+ for the first time (in GDAX), and pull back to 975 region (maybe lower) for one last time before indefinitely passing 1000 level. I think it's time, so this may be the last chance before making some cash.

I expect it to hit 1015 levels before pulling back to 975 for one last time. Then it is all 1000+.

Let's see how this plays out.

Kommentar:

Yup, it was definitely correct. Now, let's see if it will follow my expectations of a high of 1015 and a low of 975.

Kommentar:

The cup was a little asymmetric but still on spot. Now I am waiting to see if it will follow through and fall down to 966 levels as I expect.

Kommentar:

I think the handle is formed just as expected. So it will probably shoot up from here. However, the past few weeks has seen a lot of sideway movements in crypto. So I would be cautious before acting on it. And obviously, this is no financial advice, just for educative purposes.