ferGOD
Long

Ethereum - Symmetrical Triangle - BULLISH

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Symmetrical Triangles can be characterized as areas of indecision. A market pauses and future direction is questioned. Typically, the forces of supply and demand at that moment are considered nearly equal. The Following is a Typical Symmetrical Triangle Pattern

Attempts to push higher are quickly met by selling, while dips are seen as bargains.
Each new lower top and higher bottom becomes more shallow than the last, taking on the shape of a sideways triangle. (It's interesting to note that there is a tendency for volume to diminish during this period.)
Eventually, this indecision is met with resolve and usually explodes out of this formation (often on heavy volume .)

High divergence on MACD

BULLISH - LONG IT

Thank you
God be with you
Together we are stronger
Trade active:

Target $275
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Ascending Broadening Wedge
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Remember the key to success is PATIENCE!
Have a plan! Nothing changed! KEEP AND CALM
Trade active:

Symmetrical Triangle BREAKOUT
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TARGET 270$
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So that was pretty good! We're at strong monthly support with a good bullish divergence!
+1 Reply
ferGOD Vaggitarian
@Vaggitarian, The problem is that great players can handle. What happened tonight? Market manipulation. manipulations destroy the chart
Reply
Wooow! great analysis! Tnk!
+1 Reply
ferGOD f3rG0D
@f3rG0D, Thank you! Together for ever!
+1 Reply
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