$ETH performing an ascending triangle - Bullish
Updated
Ethereum following the same pattern as Bitcoin. After the increases that most of the cryptocurrencies had during June, in which Ethereum reached $360, the retracement consolidating these gains took place. In the case of Ethereum, this correction was around 45%.
Now, the price might have reached the bottom of the retracement at $190 and is performing an ascending triangle that can break upwards once it is almost completed.
In the scenario in which the price heads upwards, it is very likely to approach the next resistance at around $270. In the case that the retracement continuous, the price will hover around $190 again.
Now, the price might have reached the bottom of the retracement at $190 and is performing an ascending triangle that can break upwards once it is almost completed.
In the scenario in which the price heads upwards, it is very likely to approach the next resistance at around $270. In the case that the retracement continuous, the price will hover around $190 again.
Note
The price broke the ascending triangle and it is very likely to approach areas between $200 and $190.If the bearish channels, continues after those levels, we can expect falls to $175.
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