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Ethereum
Long
Updated

#ETHUSD Consolidation Continues

332
Very clean price action- these lines draw themselves. Consolidation leads to big moves, as one side will be caught off-guard when the break occurs.

Noteworthy:
100EMA carry
Yellow price action range
Blue triangle consolidation pattern
Stochastics (momentum) still elevated

Note
Doji candles printing now. Breakout coming soon.
Note
More and more this is looking like the beginning of the big "uncoupling" from Big Brother Bitcoin.
Note
Not a forceful break of the upper channel, but seeing the 20EMA start to carry price is bullish.
FOREXunlimited
Chart PatternsTrend Analysis

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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.
Chart PatternsTrend Analysis
FOREXunlimited

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.