globalrashid

Ethereym Ascending triangle pattern (ETHUSD)

BITMEX:ETHUSD   Ethereum / U.S. Dollar
Hello Traders,

An ascending triangle is a bullish chart pattern used in technical analysis that is easily recognizable by the right triangle created by two trendlines ,
In an ascending triangle , one trend line is drawn horizontally at a level that has historically prevented the price from heading higher,
while the second trend line connects a series of increasing troughs. Traders enter into long positions when the price breaks out from the horizontal trendline .

In Ethereum chart you can see we're still uptrend and so many fundamentals news coming this month https://goo.gl/CFBKvv

190 to 200$ strong resistance and 140-145$ strong support.

Wish you all the best.
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