ETH/BTC Daily Chart Analysis - Take profit or breakthrough?
ETH has been playing the triangle for a while now and just hit the upper trend line again.
This would be a good place to take profit (red circle), although there is a chance it might push through, if we look at the RSI it does seem like it needs a little breather.
If it does retrace, the bottom of the triangle would be a perfect long opportunity (green circle) as I do expect it to eventually break the triangle to the upside.
As we have seen more adoption and a growing bullish sentiment towards ETH without a clear reflection in the price action. This is my personal sentiment and is not trading advice.
What do you guys think? Will it retest the triangle bottom or breakthrough at this point?
This would be a good place to take profit (red circle), although there is a chance it might push through, if we look at the RSI it does seem like it needs a little breather.
If it does retrace, the bottom of the triangle would be a perfect long opportunity (green circle) as I do expect it to eventually break the triangle to the upside.
As we have seen more adoption and a growing bullish sentiment towards ETH without a clear reflection in the price action. This is my personal sentiment and is not trading advice.
What do you guys think? Will it retest the triangle bottom or breakthrough at this point?
