ETHUSD - H4 - Ascending triangle but be careful
Hi,
Let's have a look at ETHUSD with a 4 hours TF.
We can clearly see an ascending triangle with the Kijun acting as support. As long as we remain above the Kijun (= above the support line), a breakout to the 550's area is expected.
Is the support doesn't hold, the next supports are at 420 and 398$
!! BTC is facing a strong resistance at 16 000$ and a move to the downside is possible. If so, it's possible to see ETH following the downtrend by breaking the support of this triangle.
please like if you agree
DYOR !
Let's have a look at ETHUSD with a 4 hours TF.
We can clearly see an ascending triangle with the Kijun acting as support. As long as we remain above the Kijun (= above the support line), a breakout to the 550's area is expected.
Is the support doesn't hold, the next supports are at 420 and 398$
!! BTC is facing a strong resistance at 16 000$ and a move to the downside is possible. If so, it's possible to see ETH following the downtrend by breaking the support of this triangle.
please like if you agree
DYOR !
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