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kgbrah
Jan 25, 2018 3:27 PM

Symmetrical triangle breakout on the 4hr? Let's see... Long

Ethereum / U.S. dollarBitstamp

Description

Looks like ETH could be ending it's correction and preparing for another upside move. Need MACD and RSI confirmation, but this is a positive development.

Set a tight stop (mine is at 985 just below 4hr 200MA) and let's see if we get a pop here to confirm a possible Adam and Eve bottom (need to clear 1166.13 to confirm). If we do confirm the Adam and Eve bottom, we can target the $1265-$1300 area.

Best of luck!

Comment

Trendline break. Position closed.
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