perfcrypto

Consolidating in ascending channel: Potential Breakout

Long
COINBASE:ETHUSD   Ethereum
ETHUSD

After a $192 to $250 price movement. Price had 78.6% retracement and has then formed a Hidden Bullish RSI Divergence.
Price started moving up and consolidating forming an ascending channel.

Further consolidation could be expected before breaking out of the channel.

Target: $275




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.