tradepsych

Ethereum in a Symmetrical Triangle. Expect Break Up in 12 Hours

Long
COINBASE:ETHUSD   Ethereum / U.S. Dollar
Ethereum in a Symmetrical Triangle. Expect Break Up in 12 Hours.

Historically symmetrical triangles break with the prevailing trend, which in this case is bullish .
Comment: MACD headed down but not at the bottom so watch for it to range sideways until MACD cross then it should break up.
Comment: Breakout achieved. Sideways accumulation now.

Comment: Big move up.