Ethereum in an Ascending Triangle. It's Time for a Pump?
It seems that sellers are exhausted (for now), and cryptocurrencies are showing signs of recovery. The leading altcoin, Ethereum, is in an ascending triangle on lower time frames. It is a bullish pattern that tends to break above the horizontal boundary.
If that happens, we can buy ETHUSD.
The target should be equal to the triangle's height.
Stop-loss, below the triangle's horizontal line, with some space so the trade can breathe.
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If that happens, we can buy ETHUSD.
The target should be equal to the triangle's height.
Stop-loss, below the triangle's horizontal line, with some space so the trade can breathe.
Follow me for more Crypto and FX trading ideas.
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