Trade Alert
Something for you to monitor closely. Ethereum is forming something like an ascending triangle, as the crypto continues to form higher lows, but fails to close above the 177.00 mark. For now, we will remain somewhat positive, but we will wait for a confirmation break and close of at least a 4hour candle above the 177.00 barrier. This way we could start targeting the 188.00 barrier again, which, for now, is the high of this month.
Please see the chart for the alternative scenario.
Don't forget your stop-loss.
Something for you to monitor closely. Ethereum is forming something like an ascending triangle, as the crypto continues to form higher lows, but fails to close above the 177.00 mark. For now, we will remain somewhat positive, but we will wait for a confirmation break and close of at least a 4hour candle above the 177.00 barrier. This way we could start targeting the 188.00 barrier again, which, for now, is the high of this month.
Please see the chart for the alternative scenario.
Don't forget your stop-loss.