ETH


Middle of the breakout to the upside - this level is important, because this is previous ATH with 4030 USD - once we break above that, we make a brand new higher-high on the daily time-frame which is extremely bullish. Currently it finished forming the most recent bull-flag with a price target of 4200 USD. One of the major levels of support to the downside is 3800 in case we get a rejection, but at the time of writing this it seems we got too huge of volumes that are difficult to be stopped. I have been talking about the inverse head and shoulders pattern the past weeks and long-term PT for that pattern is 4700 USD (still 17-19% gain). ETH had to break either resistance or support, and it broke the first one - now it forms a NEW cup and handle pattern that forms another high-candle alert of around 6000 USD. R - depends on volumes to keep the patterns up and reverse H&S now forms a brand new C&H.


ETH chart


BTC

BTC just broke into a brand new ATH - previous was at around 65000 USD. Currently there are similarities to price action that is in the green zone. The moment we get through ATH the bets are off for any-sort of pullback (much less likely than it was before) - now it is setting us up for a major upside new PT - 79000 USD (huge cup and handle pattern). Can start adding stop-losses at 65000 range as now things keep getting heated. Last time BTC broke ATH was in December 2020 (20K USD) and then we exploded to 38K. Would expect similar price action in the current bullrun. R - identical charts to 2020 years, can start setting stop-losses (minor) for secured gains along the road, but TA suggests if the bullish pattern continues and it’s a confirmed C&H, next PT is 79000 USD.