TradingView
CRSpencer93
Nov 29, 2020 10:36 PM

ETH/BTC Ascending Triangle Breakout - Trade the Retest Long

Ethereum / BitcoinBinance

Description

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)
More