ETHUSD is moving into a triangle formation which might cause an important move either direction. Stochastic is pointing down. A break below 211 significantly increases the odds of hitting 185. On the other hand if price can pass 250 resistance, 272 is a logical target
Trade closed: target reached:
In our ETHUSD analysis we wrote "ETHUSD is moving into a triangle formation which might cause an important move either direction. Stochastic is pointing down. A break below 211 significantly increases the odds of hitting 185. On the other hand if price can pass 250 resistance, 272 is a logical target". The triangle was broken down and our first target, 211 level, was hit. Enjoy