Technical analysis by gumoca about Symbol ETH: Buy recommendation (11/1/2021)

ETH is traversing thought that wedge. It will take time for it to be completely out of that supply zone. It is still consolidating and gaining power for a move to 5K, and then potentially close to 6K. By Nov 10, the pattern should be cleared from the wedge and will be decision time. Remember not every pattern works 100% of the time, it could fail and drop perhaps to test $4.2 again, potentially even the black line around 3.8K for a quick bounce. If so, that could be a great opportunity to add before the EOY bull run. Breaking through that purple trend line (I purposely left it purple and bold) is going to be pretty telling, keep an eye on that potential break perhaps by mid Nov. Trade safe. No financial advice.