FieryTrading

Ethereum Breaking Out: Bullish Action Expected

Long
BINANCE:ETHUSDT   Ethereum / TetherUS
ETH/USDT has silently broken out of the pennant that it's been inside for a few days. Luckily for us, this break-out is occurring on the upside, marking a potential new bullish wave!

To trade this, I'd personally wait for the price to close above the Confirmation line (C). The higher the time frame, the more solid the signal.

On the chart I've marked two areas of expected resistance, the $1200 and $1300 respectively. Happy trading!
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Comments

Very nice analysis. Thanks for sharing mate.
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nice work
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that's great
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Yess just like Bitcoin
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