ETH / BTC An upward triangle (bullish) is forming Potential +34%
Updated
ETH / BTC An upward triangle (bullish) is forming. The potential for the full development of the goals of the figure + 34%.
I showed the zone for observation and the pivot point on the chart.
Entrance on a breakout or rollback after breaking a triangle
1 target + 12% This is the resistance that used to be strong support for the horizontal channel.
2 target + 34% This is just a complete working out of the figure.
Stop Loos under the line of the upper boundary of the triangle.
Pay attention to the red line of the downtrend. The price is now near her. Breakthrough and consolidation above it will mean a trend reversal. Maybe really soon there will be a season of altcoins or only ETH))).
I trade ETH from time to time for almost 2 years. I trade more ETH / USD.
I showed the zone for observation and the pivot point on the chart.
Entrance on a breakout or rollback after breaking a triangle
1 target + 12% This is the resistance that used to be strong support for the horizontal channel.
2 target + 34% This is just a complete working out of the figure.
Stop Loos under the line of the upper boundary of the triangle.
Pay attention to the red line of the downtrend. The price is now near her. Breakthrough and consolidation above it will mean a trend reversal. Maybe really soon there will be a season of altcoins or only ETH))).
I trade ETH from time to time for almost 2 years. I trade more ETH / USD.
Trade closed: target reached
The triangle was struck down, the script worked with a head and shoulders.
Profit from work in short + 8%.
Entrance to the long at the break of the downtrend line (red line).
Profit at the moment + 41%
The total profit is about + 50% at the moment.
Note
Trade closed: target reached
+ 11% short. Sales on a large volume, watch how this zone will react near this level. A downward flag can be drawn of potential, and this breaking of the triangle will act as its flagpole. If the level holds, then the first price movement to the previous support.
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