ETH trading at a new ATH inside an Ascending Triangle.

Long

Ethereum / TetherUS PERPETUAL CONTRACT (BINANCE:ETHUSDT.P)

BINANCE:ETHUSDT.P Ethereum / TetherUS PERPETUAL CONTRACT

trendanalysis chartpattern indicator ethereum eth ethusd ethusdt

ETH made a new ATH at 1780 dollar area. It is still trading close to this and seems to have found some resistance here. We can see that ETH is trading within an ascending triangle and can easily break up to the top setting new ATH's yet again. It would be nice to see ETH test the bottom of this pattern at around the 1630-1650 dollar area, but it seems more likely that a break out is inevitable. We will look at trading a momentum long if it does break out of this ascending triangle.
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