Ethereum H4 : Preparing for Breakout...
Updated
ETHUSD,After 3 times testing resistance at 163 dollars, it is unable to break the resistance and now its look like
ascending triangle. Which is a bullish pattern, if it succesfully breaks then we see the price of eth at 200 dollars.
Wait for breakout of 163 dollar resistance.
146 is a strong support.
Also the eth looks like a price channel and price is now at the support.
Legal Stuff:
There is a considerable amount of risk in trading cryptocurrencies due to their inherent volatility and sensitivity to headlines.
I am not a financial advisor. Please do your own due diligence when it comes to investing. Never put in money that you cannot afford to lose.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
ascending triangle. Which is a bullish pattern, if it succesfully breaks then we see the price of eth at 200 dollars.
Wait for breakout of 163 dollar resistance.
146 is a strong support.
Also the eth looks like a price channel and price is now at the support.
Legal Stuff:
There is a considerable amount of risk in trading cryptocurrencies due to their inherent volatility and sensitivity to headlines.
I am not a financial advisor. Please do your own due diligence when it comes to investing. Never put in money that you cannot afford to lose.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Trade closed manually
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.