MrJEB
Long

ETHUSD -Bull's Gate, Or Bear Mauling? Asc Triangle

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Is this a Gate for the Bulls, or are the Bears waiting to maul? In a previous analysis, the Bears have had control since Jan. 14th in a segmenting pattern, and back as far as Jan 3rd since the break of the December uptrend.

Bulls look to have a gate through the Bear defense, but will it materialize. I will be watching for the conviction myself even though there appears to be an opportunity with this ascending triangle action.

The last 2 attempts at the trend line may have found a chink in the armor. We're in a bear market, watch for conviction. volume , and follow through.

Good luck traders!

Previous Analysis: Predictable Bearish Pattern

Previous Analysis: Break Trend line , or Test $100
Trade active: ETHUSD is running out of room, and volatility should pick up relatively soon.

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