Ethereym Ascending triangle pattern (ETHUSD)
Hello Traders,
An ascending triangle is a bullish chart pattern used in technical analysis that is easily recognizable by the right triangle created by two trendlines,
In an ascending triangle, one trend line is drawn horizontally at a level that has historically prevented the price from heading higher,
while the second trend line connects a series of increasing troughs. Traders enter into long positions when the price breaks out from the horizontal trendline.
In Ethereum chart you can see we're still uptrend and so many fundamentals news coming this month goo.gl/CFBKvv
190 to 200$ strong resistance and 140-145$ strong support.
Wish you all the best.
An ascending triangle is a bullish chart pattern used in technical analysis that is easily recognizable by the right triangle created by two trendlines,
In an ascending triangle, one trend line is drawn horizontally at a level that has historically prevented the price from heading higher,
while the second trend line connects a series of increasing troughs. Traders enter into long positions when the price breaks out from the horizontal trendline.
In Ethereum chart you can see we're still uptrend and so many fundamentals news coming this month goo.gl/CFBKvv
190 to 200$ strong resistance and 140-145$ strong support.
Wish you all the best.
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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.
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.