AdrienRe
Long

ETH/BTC pair - still upside potential within triangle

Hola toritos y ositos,

ETH is making some good gains in comparison to BTC and it is almost playing out as expected in the previous analysis (it broke to the downside of the triangle but managed to climb in again. We still have some upside potential until we hit the upper line of the triangle. The volume is decreasing, too.

If we manage to break with significant volume to the upside, I am extremely bullish on Ethereum from a long-term perspective. I think there is a higher probability to still trade within the triangle range until we finally break-out. ETH 2.0 could serve as a positive impulse to move out of the current trend.

Previous idea:
Let me know, what you think.

Happy trading.


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