MannyJMoreno

Let's go long on ETHUSD while BTC makes up its mind.

Long
COINBASE:ETHUSD   Ethereum / U.S. Dollar
A friend and I were talking about trading back against the dollar with his cryptos. As I was sitting on an ETHBTC trade,
I decided to come back from the blockchain and see how we're doing with Ethereum and Dollars.

Overall I see a nice symmetrcal traingle almost complete for a breakout.

Since there is a slim parallel channel inside the triangle, and MACD looks like its about to cross,
I'm gonna go long on this one .

Entry should be around the .78 Fib level.
Take Profit can be at around next resistance level or beyond if you feel comfortable.

However RSI is neutral and there are a few news candles coming
So BEWARE! It could go either way.

Good Luck!

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