ETHUSD seems all ready for breaking out of triangle pattern. Here is why:
Long positions may be considered after break out from triangle.
- Price had broken out from double bottom formation earlier.
- Harmonic Gartley pattern seems to be in play.
- We had impulsive bullish move earlier that caused ChoCH.
- We had liquidity raid below the low that caused ChoCH.
- Accumulation with in triangle in underway after break out from double bottom.
Long positions may be considered after break out from triangle.
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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.