EthereumLong
ETHUSD about to break out!
Ascending triangle forming on the 4hr time frame. Multiple touches of resistance without being able to break shows the strength of the bears at the price! This also indicates that when it breaks the move will be strong with the next level of resistance at $250. RSI sitting just above 50 showing the strength of the trend.
Target buy will be just above the breakout with a trailing stop to lock in profit on the way up.
Target buy will be just above the breakout with a trailing stop to lock in profit on the way up.
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.