Andy_D

ETH forming ascending triangle on lower time frames.

Long
BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
As part of a larger structure being formed (multi week/year cup and handle ), ETH is now also forming an ascending triangle ( bullish continuation pattern) on the 4h / 6h chart.

This may present a small breakout, whilst the handle formation is yet to complete (I expect some more consolidation before a larger move up).

ETH could trade below 1000$ again before shooting for previous ATH of ~$1,400

Also just broke above 20 MA on 1h, 4h, 6h .. as well as daily, weekly chart for further long bias confluence.

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