erctrades

ETH/USD: (1hr) Ascending Triangle - Bullish Breakout?

Long
COINBASE:ETHUSD   Ethereum
The more you knock on a door, the more likely you are to open it. Multiple touches on the horizontal resistance.

Ascending triangles typically breakout bullish upon a breakout to the up-side confirmed by a bounce off the horizontal resistance.

By the way, those low-opacity Fibonacci lines are drawn using the top/bottom of the 2017/2018 market. It's incredible how well it lines up today's market.

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