Interesting setup on the 1h chart for ETH/USD with an ascending triangle! As you can see price just created an all-time high around 52.9 and market volume is decreasing.
I'm sure we will experience a temporary drop but soon enough the bulls will be back, keep an eye on this structure over the next week.
If you want more trading inspiration, connect with me below.
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Price is now approaching the trendline, we will see a break in this area followed by a move down to support.
2017-03-28 12:00 UTC 1H stochastics appear to have bottomed and are turning up, 1H BBands are compressed [i.e. BB (12, MACD:MACD, 2) on MACD (12, 28, close, 9, false, true)], and the Heikin Ashi candle is a green spinning top, on ETHUSDT Polo. 2H timeframe seems ready to follow. Could this be the beginning of the longer climb up?
Greg600
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