Early stages of an ascending triangle formation
In 75% of cases, an ascending triangle is a continuation pattern.
Confluence
1) Fresh MACD cross below the zero line
2) Bullish MACD histogram with price divergence
3) We are above the 200 day EMA & the 200 day EMA is ascending
4) Price is above the 8-day EMA
Entry
Everyone should already have ETH in their portfolio
Target
Base of the triangle = Breakout price target
But in reality the moon is the only logical price target
$PHEMEX:ETHUSD
In 75% of cases, an ascending triangle is a continuation pattern.
Confluence
1) Fresh MACD cross below the zero line
2) Bullish MACD histogram with price divergence
3) We are above the 200 day EMA & the 200 day EMA is ascending
4) Price is above the 8-day EMA
Entry
Everyone should already have ETH in their portfolio
Target
Base of the triangle = Breakout price target
But in reality the moon is the only logical price target
$PHEMEX:ETHUSD
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.
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.