[Watch it] Ascending triangle, look for breakout.

Ethereum is forming a sparse ascending triangle whose top sits in the 2.950-3.000$ area.
That's resistance.

Daily BB shrinking, price currently above mid-line.
Supportive MACD.

A move is coiling, a lot depends on BTC now.
Watch it as well.

Bullish confirmation on breakout of 3.000$ psychological resistance. Look for volume.

May be worth a speculative Long, with a stop below support.
Don't take more risk than deserved, DYOD.

Comment:

Fake breakout, no volume.
Hence pattern not confirmed, nor rejected.

Still sideways, back to the dawing board.

See price gravitating around MM20/D ( middle line of BBs)-
BB still shrinking, price losing momentum (both ways).

That means a move is coiling, but we have few hints about direction so far.

Comment:

Here's next crossroad.

Watch breakout.
Look for volume.

Trade active:

Speculative Long @2451$ - SL 2297$.

It may work or not, but there's a decent R:R, with some upside towards 3.000$.
Mind the risk, DYOD and good luck.

Trade closed: stop reached:

Stopp already. ANother fakeout

Trade active:

Longing the re-test of support.
Let's see.

Comment:

Perfect retest of the FIB.

Let's see weekly close, it may paint a double bottom if avoids a further slump next few days.