Found this continuation of an ascending triangle. Per the rules, if the price breaks above the trend, the price could soar from breakout to the size of the entrance into the triangle. If this happens, ETHUSD price should soar to around $800 USD. It is still a bit far, but price seems to be heading in that direction per my chart.
**Note: I am NOT an experienced trader. I am just an investor learning TA as a hobby. Suggestions and thoughts are welcome. However, take it easy on me. Again, I am really new to this. I am not taking into consideration the fundamentals of the current Bitcoin situation with the Segwit2X fork. Just simple trend and tech analysis. DO NOT USE MY VIEWS TO MAKE DECISIONS.
**Note: I am NOT an experienced trader. I am just an investor learning TA as a hobby. Suggestions and thoughts are welcome. However, take it easy on me. Again, I am really new to this. I am not taking into consideration the fundamentals of the current Bitcoin situation with the Segwit2X fork. Just simple trend and tech analysis. DO NOT USE MY VIEWS TO MAKE DECISIONS.
Trade ist aktiv:
Still valid despite the BTC and BCH drama. This coin has also proven some levels of resilience and worth holding.