Tonester840

Is ETH preparing for another big move?

Long
COINBASE:ETHUSD   Ethereum / U.S. Dollar
It looks like ETH is building a symmetrical triangle before (hopefully) moving on to higher ground. We're seeing higher lows and lower highs, all on decreasing volume . The height of the flag pole is approximately $45 so if there is a breakout on higher volume we can expect the price to climb $45 from its breakout point.

There was another symmetrical triangle back in Sept-Oct 2018. Since that triangle didn't breakdown until it got all the way to vertex we can treat that level as pretty strong resistance. ETH will probably see some turbulence in the $200 to $210 range
Comment: Starting to look like price isn't going to test the lower boundary again. Things are looking good.
Comment: lol guess not