Looking at the 4h chart of ethereum.We see a symmetrical triangle formation pattern in ETHUSD.
We just broke the triangle wall and violated the bearish trend line.
The RSI shows increasing momentum but we still need to break the resistance line there.
The horizontal blue lines are strong resistance lines.
For now it is a weak buy signal with a stop loss inside the triangle and a profit target at 900USD.
This is just for personal education purposes.
Not a trading advice!
We just broke the triangle wall and violated the bearish trend line.
The RSI shows increasing momentum but we still need to break the resistance line there.
The horizontal blue lines are strong resistance lines.
For now it is a weak buy signal with a stop loss inside the triangle and a profit target at 900USD.
This is just for personal education purposes.
Not a trading advice!