LeynadV

ETH/USD breakout

Long
BITFINEX:ETHUSD   Ethereum
Ethereum is keeping is price stable around 300$. But as we see it is on a symmetrical triangle and it's impossible it keeps like that forever. My first bet is if the crypto total market keeps rising it implies the Ethereum will breakout upwards.
It can also go downwards but even if it happens there is a long term trend support supporting the Ethereum price and I would expect a rebound. The fact that we are still far from the ATH suggests me that long is the outcome with the best probability

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.