ETH-USD: ASCENDING TRIANGLE FORMING ON 1H
Updated
ETH is currently forming an ascending triangle.
Ascending triangles at the top and as continuation have a low failing rate and tend to break to the upside.
Traders should wait for the break of the horizontal line to enter a long position.
Measured move is at about 1314 usd.
Chart pattern invalid if breaks to the downside.
Trade safe.
Ascending triangles at the top and as continuation have a low failing rate and tend to break to the upside.
Traders should wait for the break of the horizontal line to enter a long position.
Measured move is at about 1314 usd.
Chart pattern invalid if breaks to the downside.
Trade safe.
Trade active
We have almost reached the triangle target.A few options:
- take full profit
- take partial profit
- raise your stop loss
- take partial profit and raise your stop loss
- do nothing "TO THE MOON"
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