ETH Ascending Triangle

BITFINEX:ETHUSD   Ethereum / Dollar
Ethereum is forming an ascending triangle . It could break either way. In my opinion, I think we will break down with MAYBE another touch on the upper resistance line. I'm believe it will break down because Bitcoin is showing a lot of bearish signs. Again, this is just a guess and I could be wrong. Wait for confirmation and play the triangle. If this analysis is right, then my previous analysis could be wrong!

Kommentar: Following the overnight action, I now have to change my stance to a bull.
Kommentar: If the RSI snaps back really quickly, I would consider this a bull trap. Otherwise, i would consider this a real breakout.
Trade ist aktiv:
Kommentar: fives waves; It the breakout over or is this just the beginning?
You think we are going to have bull run? maybe a false break out?
aoeuaoeu mvc64200
@mvc64200, I think that it is. Below is my Elliott Wave count, although I'm not sure how low wave C will be.
+1 Antworten
Sounds right, thank you
this is on 30 mins'?????????????
aoeuaoeu rmrezai
@rmrezai, yes, the time interval can be seen in the top left corner.
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