ETH A bullish case ?
Hello everyone!
My last chart didnt turn out as i thought it would, it's now clear that a ascending triangle almost fully formed.
This is making me lean more to the bullish side, however i would still argue to trade with caution because we have moved up on relative small volumes.
Typically, ascending triangles signals the end of a downtrend, a reversal.
I have set my self up with a smaller position to see where we break off to, wherever we move next will be decided today.
Good luck trading
My last chart didnt turn out as i thought it would, it's now clear that a ascending triangle almost fully formed.
This is making me lean more to the bullish side, however i would still argue to trade with caution because we have moved up on relative small volumes.
Typically, ascending triangles signals the end of a downtrend, a reversal.
I have set my self up with a smaller position to see where we break off to, wherever we move next will be decided today.
Good luck trading
Note
Please note that ascending triangles are regardless of anything - continuation patterns, take that into account that the recent long term trend has been a decline, but I’m givning this formation a bullish star.Lets go!
Note
700 broken, lets see how much upside we have ahead of us, reaching 750 should be a breeze, 800 will be next major resistance.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.