Ethereum in an Ascending Triangle. It's Time for a Pump?

It seems that sellers are exhausted (for now), and cryptocurrencies are showing signs of recovery. The leading altcoin, Ethereum, is in an ascending triangle on lower time frames. It is a bullish pattern that tends to break above the horizontal boundary.

If that happens, we can buy ETHUSD.

The target should be equal to the triangle's height.

Stop-loss, below the triangle's horizontal line, with some space so the trade can breathe.

Follow me for more Crypto and FX trading ideas.
Ascending TriangleChart PatternsETHEthereum (Cryptocurrency)trianglepattren

Haftungsausschluss