Hello fellow traders,
In the chart, I created a triangle which is being shaped by the support line on green and the resistance line on red.Both of those lines have been confirmed 2-3 times each.
As we can see the 25EMA and the 50EMA had a crossover signaling upward movement.
The 25EMA indicator continues to show strong signs which make me believe that ETH will break the triangle shape and the resistance line and have further gains.
BUY POINT: As soon as we break the triangle shape ( careful for false signals )
EXIT POINT: 590$ we find a strong resistance so maybe there depending on your risk aversion
In the chart, I created a triangle which is being shaped by the support line on green and the resistance line on red.Both of those lines have been confirmed 2-3 times each.
As we can see the 25EMA and the 50EMA had a crossover signaling upward movement.
The 25EMA indicator continues to show strong signs which make me believe that ETH will break the triangle shape and the resistance line and have further gains.
BUY POINT: As soon as we break the triangle shape ( careful for false signals )
EXIT POINT: 590$ we find a strong resistance so maybe there depending on your risk aversion