Get started
jia888

ETHUSD Double Bottom, Symmetrical Triangle Breakout Imminent!?

Long
Ethereum (BITFINEX:ETHUSD)  
jia888  
BITFINEX:ETHUSD   Ethereum
Chart Patterns Double Top or Bottom Triangle Ethereum (Cryptocurrency) ETHUSD trianglebreak Bullish Patterns
8
1
chartpattern doubletoporbottom triangle ethereum ethusd trianglebreak bullish
1.ETHUSD reached all time high near $1400 in January 14th then continue to correct for 2 months now reaching 78% Fibonacci retracement support from its high!

2. ETHUSD double bottomed reaching major support at current level

3. Trade volume diminishing

4. Formed symmetrical triangle for over 2 months

5. Break out imminent!? Direction of the breakout most likely be "up" to continue the overall uptrend!

Happy trading!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.