ETH/BTC Has broken above the triangle formation it has been ranging in since January and this could point to a long term bull run for ETH.
On the Daily chart, it retested the top of the triangle as support ( Horizontal 1 ).
And we could see at least a test of the next resistance at Horizontal 2.
A decent long trade setup is possible from here with an easy invalidation stop loss just under the Triangle's top trend line ( Horizontal 1 ).
This is not financial advice, manage your risk, and trade carefully!
For a 6 month 10% Discount in fees on BITMEX you can use the link below:
bitmex.com/register/oi7blw
For a 5% Discount in fees on Binance you can use the link below:
binance.com/en/register?ref=HYT66OV6
On the Daily chart, it retested the top of the triangle as support ( Horizontal 1 ).
And we could see at least a test of the next resistance at Horizontal 2.
A decent long trade setup is possible from here with an easy invalidation stop loss just under the Triangle's top trend line ( Horizontal 1 ).
This is not financial advice, manage your risk, and trade carefully!
For a 6 month 10% Discount in fees on BITMEX you can use the link below:
bitmex.com/register/oi7blw
For a 5% Discount in fees on Binance you can use the link below:
binance.com/en/register?ref=HYT66OV6
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.