As per the Resistance & Support levels, we can see that the Etherium is forming an ascending triangle on the weekly frame.
I have highlighted both break outs scenarios. I am currently observing and waiting for the price to get lower. Personally, I am leaning more towards the yellow Pattern. The Target for whomever is interested on shorting Eth will be the Failure line as Target one, Crashing point as a second, and holding for more as a final.
Either or, Trading can always be unpredictable as we all know it by now. For that, I have prepared two major buys and here they are.
My buying plans are:
- Buy when the price crashes with good capital
- Buy when it breaks out the ascending triangle with a small amount of the full trading capital I have prepared for Etherium. I have two TPs in this Case the 3K + and the 8K+
Let me know what you think about your thoughts in the comment section.
I have highlighted both break outs scenarios. I am currently observing and waiting for the price to get lower. Personally, I am leaning more towards the yellow Pattern. The Target for whomever is interested on shorting Eth will be the Failure line as Target one, Crashing point as a second, and holding for more as a final.
Either or, Trading can always be unpredictable as we all know it by now. For that, I have prepared two major buys and here they are.
My buying plans are:
- Buy when the price crashes with good capital
- Buy when it breaks out the ascending triangle with a small amount of the full trading capital I have prepared for Etherium. I have two TPs in this Case the 3K + and the 8K+
Let me know what you think about your thoughts in the comment section.