๐ฅ Ethereum Bullish Triangle Formation: Bottom Is In?
Over the course of several weeks, ETH has been trading sideways between roughly $900 - $1300. During this period, higher lows have been formed but higher highs have not yet been made. The $1275 area appears to be an area of significant selling pressure, for now.
With most alts appearing relatively bullish and BTC peaking its head above $22k, it seems to me that in time ETH will trade above the top resistance of the bullish triangle. We're either going to break out today or in a couple of days after retesting the triangle's support.
Target area is between $1450 and $1550, which has previously been a strong area of demand.
With most alts appearing relatively bullish and BTC peaking its head above $22k, it seems to me that in time ETH will trade above the top resistance of the bullish triangle. We're either going to break out today or in a couple of days after retesting the triangle's support.
Target area is between $1450 and $1550, which has previously been a strong area of demand.
๐ฏOfficial Channel: t.me/FieryTradingChannel
๐Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
โ Monster Signals: t.me/monster_cryptosignals
๐ฅPremium Signals: www.fierytrading.com
๐Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
โ Monster Signals: t.me/monster_cryptosignals
๐ฅPremium Signals: www.fierytrading.com
