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madsroland
Jan 6, 2021 9:48 AM

Ascending triangle and Fib extension signals new ATH Long

Ethereum / TetherUSBinance

Description

With an ascending triangle forming on the hourly time frame and given the current momentum on BINANCE:ETHUSDT we could see a new ATH within a foreseeable future.
The target of the ascending triangle also matches perfectly with the fib extension to with a target between 1.236 and 1.618 levels. However the hitting the ATH area might reject in the first try.

Note that the oscillators like MACD are not confirming the upside yet.

Comment

After a retest, we are now moving up towards the previous all time high
Comments
TheSignalyst
Let's see if the bulls are going to take over again. Nice analysis
madsroland
@TheSignalyst, thanks, yes lets see how it plays out
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