ETH:EUR triangle / bullish flag pattern
ETH broke out of a huge pennant/triangle and started climbing. Currently it's consolidating around it's former height of ~350, but the consolidation pattern is a small triangle that might indicate further growth. Could be as much as the growth towards this point, which would take it up to about 390. I think the most likely scenario is for it to eventually end up at around 406, which would be a resistance line in the ascending channel ETH had been trading in since May
Note
Ok, that was rather fast! ETH made it to 390 and is facing resistance. With it's current momentum, I'm expecting ETH to continue to 406 at least!Note
(Actually, almost 390; 388.89 to be exact.)
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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.