🔥 ETH Reversal From Triangle Resistance
Updated
ETH was on the verge of breaking out of the bullish triangle earlier today. Sadly, Bitcoin is moving back into the pennant I've analysed earlier today:
This presents us with a potential short and later on long opportunity within this triangle. A daring soul could try to short ETH on the way down, whereas a more risk averse trader could try to catch the potential fall back to the bullish triangle's support.
Happy trading!
This presents us with a potential short and later on long opportunity within this triangle. A daring soul could try to short ETH on the way down, whereas a more risk averse trader could try to catch the potential fall back to the bullish triangle's support.
Happy trading!
Comment
BTC seems to be bearish in the near term. Wait for trend reversal before entering the trade since ETH could possibly fall through the support.
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