ETH/USD - Bullish ascending triangle, ATH in danger
ETH is curving nicely in a bullish ascending triangle. With BTC also moving in a bullish pattern (see link below to my chart), the market seems ready to push higher.
Before celebrating, however, we need to get confirmation. That will happen once we pass the top resistance of the triangle. After that there is little reason to think we can't aim for ATH.
MACD is also curving and just printed a positive bar on the histogram, bullish. If this confirms, we at the start of a bullish move higher.
Bias remains bullish until we breakdown from this triangle.
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Before celebrating, however, we need to get confirmation. That will happen once we pass the top resistance of the triangle. After that there is little reason to think we can't aim for ATH.
MACD is also curving and just printed a positive bar on the histogram, bullish. If this confirms, we at the start of a bullish move higher.
Bias remains bullish until we breakdown from this triangle.
Like and follow if you like this idea!
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