quantmaven

Ethereum: There's still some juice left

Long
BINANCE:ETHUSD   Ethereum
Finally my first intuition was correct, both BTC and ETH did a super long and boring ascending triangle. ETH broke its triangle this evening and may be on its way to reach 2525 tomorrow. I think there's still some juice left because BTC didn't break its triangle yet. Apparently BTC is still in a tight range because of option expirations tomorrow. If BTC breaks up, it would be natural for ETH to rally in tandem.
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.