CRSpencer93

ETH/BTC Ascending Triangle Breakout - Trade the Retest

Long
BINANCE:ETHBTC   Ethereum / Bitcoin
Ethereum is looking extremely strong in comparison to Bitcoin , its broken out of an ascending triangle pattern & there's no real resistance until the 0.032500 area. Currently long on ETH from the upper $490 region & if this can work its way up towards resistance, ETH has a real chance of testing $620, the recent high.
Comment: Wow, this really did explode. RSI at 99.21 on the 15mins timeframe right now and hitting resistance, back into Bitcoin.
Trade active: Imminent break coming on the LTF which has formed a falling wedge & price sat directly on support....
Trade active: We got the retest, ETH is looking bullish AF & really likely we see $800 within the next week as Bitcoin moves past ATH (fingers crossed)

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