PIPPIN has officially broken above the ascending triangle, a structure traders often watch for bullish continuation.
If buyers defend the breakout level and volume continues to build, this could be the beginning of a powerful expansion phase.
Now the focus shifts to momentum. A successful retest followed by higher highs would strengthen the bullish case, while increasing volume could fuel an explosive move.
Eyes are now locked on PIPPIN. The setup is complete, the breakout has arrived, and the next chapter could deliver the kind of move that catches everyone by surprise.
June - $ETH forma cycle bottom of $881 July to August - ETH rallied 128%. November - It pulled back but never broke the June low.
So far, this cycle is starting to look similar.
If history repeats and $1,500 is the cycle low for, ETH could rally into August and 128% move from the June bottom would put $ETH around $3,400 in August.
Let’s wait and see how this cycle plays out. Not sure about $3,400 but I think $2400- $2800 is very possible.
Hay muchos casos similares en términos de divergencias alcistas en todo el mercado.
Un ejemplo es $SUI.
Parece estar intentando mantenerse aquí, y si Bitcoin logra rebotar hacia arriba, asumiría que SUI será un fuerte movimiento.
Espero que llegue a funcionar hasta $1 y, por lo tanto, supere $0.82.
Recuerda: la divergencia alcista aún está lejos de confirmarse, así que los mercados todavía necesitan volver a subir para hacer esa confirmación y entonces los rebotes pueden ir rápido.