vOidca
Long

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,
vOid
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'.

vOid

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