Technical analysis by gumoca about Symbol ETH: Buy recommendation (10/20/2021)

ETH took off in the right direction with strong volume, confirming the inverse head and shoulders pattern with a measured move towards 5K. Now resistance at $4,390 is relevant, will need to push with strong volume there to break that supply zone, although recent action indicates it may be able to do it. I'm extending a bit that purple line to keep it in mind for potential rejection zones that may appear in the coming days as ETH makes its climb to 5k after breaking all-time highs. All the best to you all. Thanks for reading these posts. And I hope I'm being of good service to you by sharing these ideas, which may be horribly wrong so do your own DD!!!