A upward breakout of triangle looks optimistic
Looking back when the triangle was forming, ETH prices had a rather violent price pullbacks when trying to head downwards.
On top of that, a Bullish Engulfing Candle formed upon the forming of the triangle, indicating a rather strong bullish sentiments when forming the triangle.
Therefore, with all that said, I likely believe that the breakout of this triangle would result in an upward movement.
On top of that, a Bullish Engulfing Candle formed upon the forming of the triangle, indicating a rather strong bullish sentiments when forming the triangle.
Therefore, with all that said, I likely believe that the breakout of this triangle would result in an upward movement.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.