ETHUSD: An upcoming RESISTANCE'S BREAKOUT!
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🟢Forex Pair:
ETHEREUM/USD
⚪Technical Analysis:
Since the 10th of February 2021, the price has been consolidating, trying many times to break through the level at about 1850.
On every rejection, the price made a higher lower, creating an interesting ascending triangle pattern.
The price is currently re-testing the main resistance zone with a possibility to see an upcoming breakout and trend continuation.
🔴Conclusion:
The price is getting high bullish volatility and I'm confident to see a breakout of the main resistance zone.
Overall we are still in uptrend over the ema 200 and I'll be waiting a breakout of the current level before planning my long position on this trade.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
🟢Forex Pair:
ETHEREUM/USD
⚪Technical Analysis:
Since the 10th of February 2021, the price has been consolidating, trying many times to break through the level at about 1850.
On every rejection, the price made a higher lower, creating an interesting ascending triangle pattern.
The price is currently re-testing the main resistance zone with a possibility to see an upcoming breakout and trend continuation.
🔴Conclusion:
The price is getting high bullish volatility and I'm confident to see a breakout of the main resistance zone.
Overall we are still in uptrend over the ema 200 and I'll be waiting a breakout of the current level before planning my long position on this trade.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
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