ETHUSD Continuation of breakout
Updated
Hi guys.
ETH breaking out of a triangle pattern that has ben forming for quite some time.
A smaller triangle pattern was confirmed and therefore ETH started breaking out following up on BTC.
The tables have turned now, in the last bull run BTC was following ETH if I am not mistaken.
RSI and MACD still healthy for a continuation of trend.
Breakout target pointing to 480-495 usd, where we will face a long term trandline that we have previously broken under and turned it ressistance.
Disclaimer: Not financial advice.
Tell me what you think, critics more than welcomed.
If it makes sense, like, comment what I lack, follow up on my next analysis.
ETH breaking out of a triangle pattern that has ben forming for quite some time.
A smaller triangle pattern was confirmed and therefore ETH started breaking out following up on BTC.
The tables have turned now, in the last bull run BTC was following ETH if I am not mistaken.
RSI and MACD still healthy for a continuation of trend.
Breakout target pointing to 480-495 usd, where we will face a long term trandline that we have previously broken under and turned it ressistance.
Disclaimer: Not financial advice.
Tell me what you think, critics more than welcomed.
If it makes sense, like, comment what I lack, follow up on my next analysis.
Note
The price is still consolidating breakout still valid but the price has formed a wider upward channel now
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