Early stages of an ascending triangle formation
In 75% of cases, an ascending triangle is a continuation pattern.
Confluence
1) Fresh MACD cross below the zero line
2) Bullish MACD histogram with price divergence
3) We are above the 200 day EMA & the 200 day EMA is ascending
4) Price is above the 8-day EMA
Entry
Everyone should already have ETH in their portfolio
Target
Base of the triangle = Breakout price target
But in reality the moon is the only logical price target
PHEMEX:ETHUSD
In 75% of cases, an ascending triangle is a continuation pattern.
Confluence
1) Fresh MACD cross below the zero line
2) Bullish MACD histogram with price divergence
3) We are above the 200 day EMA & the 200 day EMA is ascending
4) Price is above the 8-day EMA
Entry
Everyone should already have ETH in their portfolio
Target
Base of the triangle = Breakout price target
But in reality the moon is the only logical price target
PHEMEX:ETHUSD