ETH - Break-out from bullish pennant - next target 250
Hi guys,
While Bitcoin is still moving within the triangle, Ethereum managed to break through the upside. Next target would be around the 250 mark which aligns with the support line of the previous trend we broke through the downside. It seems probable that we are going to re-test this channel once again.
When looking at the BTC-Dominance chart, Altcoins might be gaining in the coming days while Bitcoin is consolidating at the 9-10k range.
Let me know, if you have any questions or remarks.
Happy trading!
Previous idea from the bearish divergence:
While Bitcoin is still moving within the triangle, Ethereum managed to break through the upside. Next target would be around the 250 mark which aligns with the support line of the previous trend we broke through the downside. It seems probable that we are going to re-test this channel once again.
When looking at the BTC-Dominance chart, Altcoins might be gaining in the coming days while Bitcoin is consolidating at the 9-10k range.
Let me know, if you have any questions or remarks.
Happy trading!
Previous idea from the bearish divergence:
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