Touched down a multi-year trendline; two multi year bullish patterns(pennant and inverse h&S). Potential major defi inflows in 2021 after ETH staking has locked away a decent amount of supply?
Commento:
Double bottom against BTC leading to a strong breakout against USD. If this trend continues and we breakout of the pennant and complete the inverse H&S the targets are insane to say the least. If you're in ETH congrats.
Commento:
Well almost a year later and this breakout was spot on. Currently it looks as though we're consolidating in a triangle pattern hinting at continuation. A breakout of the most recent triangle accumulation between 0.5 and 0.8 would have a target above 0.1