ActiveCrypto

ETHBTC / Pennant Breakout. Resistance Turned Support. LONG

Long
POLONIEX:ETHBTC   Ethereum / Bitcoin
With BTC still looking for a bottom, ETH is taking on interest with this short term break out. The break has drawn higher than average volume and price action is retesting the resistance level of the pennant. If this blue line holds and candles start closing above this resistances level now turned support, the up side has good profit potential. Zoom out to get the full perspective of this pair.
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