ETH - M15 Chart Ascending Triangle

BITMEX:ETHUSD   ETHUSD Perpetual Futures Contract
Hello, hello,

Short update about ETH on M15 chart. I'm seeing an ascending triangle forming, I could be wrong so I'm waiting for confirmation with a close above 200,40. Volume is decreasing which is first confirmation.

So what we need for confirmation is :
  • A breakout above 200,40 with a close above it
  • Volume should increase as we breakout.
  • After we breakout there a possible scenario where we test old resistance that turned into support after breakout. If it does, it need to hold before pushing higher.

What target I'm expecting ? Around 202 - 202,30 ~

Please remember that I'm no financial adviser and I'm still learning.

Have a great evening,
Oct 25
Comment: So, I was wrong but I'm wondering if my lower lign was drawn wrongly, we keep making higher lows, so I don't know. Good thing I wait for confirmation before moving, let's sit and see what the market give us. Gotta keep learnin'.



Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out