Before we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated.
Today I'd like to update you on the ascending triangle I shared not too long ago (see below). I expected a breakout before the first of June.
In between now and then, the triangle has broken down to the downside and reclaimed it. In doing so, it printed an inverse head & shoulders pattern on both the daily and 4hr charts (see below). Using conservative methods, we measure the top of the lowest reaching candle in the head of the iH&S to the neckline. With the iH&S neckline at $217 and the height of the head measuring $30, I think a $247 per
ETHUSD target is reasonable.
In printing and validating the iH&S however,ETHUSD has also broken out of the ascending triangle to the upside. Essentially, we're seeing 2 bullish formations happening on two different timeframes.
Combine this with
BTCUSD regaining it's bullish momentum (keep an eye on the monthly close, we've not closed above $9340 in almost a year), and I think we will see a nice few months for 
TOTAL.
By now I hope you have all filled your bags as I instructed you to do so at $191.
Best of luck traders.
Today I'd like to update you on the ascending triangle I shared not too long ago (see below). I expected a breakout before the first of June.
In between now and then, the triangle has broken down to the downside and reclaimed it. In doing so, it printed an inverse head & shoulders pattern on both the daily and 4hr charts (see below). Using conservative methods, we measure the top of the lowest reaching candle in the head of the iH&S to the neckline. With the iH&S neckline at $217 and the height of the head measuring $30, I think a $247 per
ETHUSD target is reasonable. In printing and validating the iH&S however,
ETHUSD has also broken out of the ascending triangle to the upside. Essentially, we're seeing 2 bullish formations happening on two different timeframes. Combine this with
BTCUSD regaining it's bullish momentum (keep an eye on the monthly close, we've not closed above $9340 in almost a year), and I think we will see a nice few months for TOTAL.By now I hope you have all filled your bags as I instructed you to do so at $191.
Best of luck traders.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.