ETH found support on the big symmetric triangle?
Updated
Hi there.
I think eth\btc can be a good trade here now.
We see that eth have clearly formed a symmetric triangle over the past 6 months and that we now found support in the bottom again, I think therefore it may be wise to accumulate eth now with a stop limit trigger close in case we get a breakout wrong way.
As you can see, eth has only hit 100bb support 2 times earlier in the daily chart, this is the third time we hit hit. Historically, we have always had a nice run after reaching this support line.
The first trade target is about 10% to the purpel line. Now lets see how this trade will turn out, wish all good luck if you are into this trade from before or will join it.
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I think eth\btc can be a good trade here now.
We see that eth have clearly formed a symmetric triangle over the past 6 months and that we now found support in the bottom again, I think therefore it may be wise to accumulate eth now with a stop limit trigger close in case we get a breakout wrong way.
As you can see, eth has only hit 100bb support 2 times earlier in the daily chart, this is the third time we hit hit. Historically, we have always had a nice run after reaching this support line.
The first trade target is about 10% to the purpel line. Now lets see how this trade will turn out, wish all good luck if you are into this trade from before or will join it.
EasyX Community:
-If you want to learn more about Technical analysis and to become a better trader?
-We are a Community who help each other as good as possible, but especially the most recent ones who need to learn from someone who has already learned.
-We believe in sharing knowledge and learning from each other is the strength of success.
-Gladly join the Discord Community - You are welcome :) - discord.gg/zy5mApx -
Trade active
Trade closed: stop reached
Stop reach on 2% loss
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