🔥 ETH Potential Bullish Triangle Break Out
In my previous ETH signal I discussed the possibility of ETH declining towards the support of the bullish triangle and reversing from it.
Currently, ETH is making a strong upward move towards the resistance of the triangle. This signal discusses the potential break out of said bullish pattern. With BTC currently trading around a strong area of resistance it might well be the case that ETH will reverse from the top of the triangle, testing the support again or falling through it in the case that BTC will see a further decline.
Happy trading!
Currently, ETH is making a strong upward move towards the resistance of the triangle. This signal discusses the potential break out of said bullish pattern. With BTC currently trading around a strong area of resistance it might well be the case that ETH will reverse from the top of the triangle, testing the support again or falling through it in the case that BTC will see a further decline.
Happy trading!
Comment:
BTC failed to break through the 38k resistance and saw a sharp reversal. Migh fall further in the near term. ETH's triangle support is holding, for now.
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