ETH-USDT, breaking out of a complex triangular channel formation

ETH-USDT: On the Ethereum-Tether pair, we have seen a complex triangular channel formation being printed since May, and now it has been broken and a “W” structure was confirmed. Has for the indicators, the MACD shows a confirmed divergence and the Willy was heavily oversold and is now moving upwards. The volume although not very big, is has been showing consistency in the bulls that are now in control of the market. As such, we now will consider a LONG position on at the 486 level with a stop around 405 and a target of 699.64.