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CountOnCrypto
Jan 15, 2021 1:58 PM

ETH|USD may continue Bullish in this Ascending Triangle Long

Ethereum / U. S. DollarKraken

Description

Ethereum has been showing strength by strength, will the bullish momentum continue throughout this day as we form an ascending triangle. This pattern is a bullish pattern based on the higher lows we've been seeing.




Use risk management and trade safely, I am a strong believer in Ethereum and there is no reason for me to be bearish on a long term even if this doesn't play out bullish.

If bitcoin reaches 40k again I can expect this scenario to become more likely.
Comments
rs2311sr
how about now? it's almost recovering back to 1200
CountOnCrypto
@rs2311sr, yes it is looking hopeful
rs2311sr
@CountOnCrypto where do you foresee Ethereum going 24 hours from now?
Nanex1
what about now
CountOnCrypto
@Nanex1, We broke down out of this formation.
leload3
no chance
CountOnCrypto
@leload3, SL triggered!
importantCode12562
great
CountOnCrypto
Shegslove
Good analysis
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