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IdanKoren
14. Apr. 2018 18:36

ETHUSD Triangle after major resistance breakout is bullish Long

Ethereum / DollarBitfinex

Beschreibung

If you've missed the boat on the latest breakout of the major descending resistance on ETHUSD then don't worry, the triangle on the hourly that we're seeing looks very bullish yet again. Triangles tend to be consolidation for a move higher. We could get a fall below the triangle as a "fakeout" in what would seem more like a bullish flag channel but it'll likely yield more buyers a little below in the $460 range so the risk/reward is there to continue adding to your ETH position. Overall this type of price movement is confirming that we have seen a longer term bottom in ETHUSD
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IdanKoren
Just wanted to update and say that we are seeing further confirmation of this long position. As of now we are fully invested in crypto
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