Ethereum (ETHUSD) ETH #Cryptocurrencies broke out of a large multi-month symmtrical triangle formation on November 23. Since then is has advanced as much as approximately 64.5% as of today's 626 high, and 60.5% in just the past six days. Today's rally reached the minimum target derived from the large triangle pattern, at 625.80. The triangle target (minimum target) lines up with the 61.8% Fibonacci extension of the secondary decline within the triangle thereby potentially strengthening its significance, either as resistance, or as a breakout level to be followed by further strength. #Crypto
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.