stevenslicer
Long

ETH/USD Critical Breakout Imminent

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Based on the trendline on my other Constantinople chart:

Things have become short term bullish looking and an ascending triangle formed since 28 December breaks the downwards trendline since August 2018.

All ETH needs to do is continue on the same path to break the pink downward trendline .

Other reasons this looks short term bullish for a breakout:

  • MACD Ready to trend upwards
  • Histogram reversal forming
  • Volume increasing on the 4hr
  • Fibonacci matches a breakout

Other note: if a breakout occurs, $140 could become resistance, $120 could become stronger resistance, a higher high of $320+ that holds could mean... bull market?
Trade active: Long opened on Bitmex just before posting this.
Sorry bro
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