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rony.kris
Nov 18, 2017 7:00 PM

Verge of a Break out! Long

Ethereum Classic / DollarBitfinex

Description

An ascending triangle formation is seen in the 4hr chart.
The green candle is on the resistance. Chances of a break out here is less.
Looking at the RSI it seems that there is room for the buyers
MACD hasn't confirmed the uptrend yet. Therefore, i think it'd follow the blue curve before breaking out.

I'd go long at the blue line. hopefully, there would be enough confirmation there.

Appreciate your feedback. Thank you!
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