Textbook Setup
It doesn't get more Ascending Triangle Pattern than this.
1. Beacuse this is in a clear uptrend.
2. Repeated asc tri behavior increases chances of repeat.
Fundamentals show standard flow to ETH after BTC price surge as investors look to shift into other assets with more room.
The RSI is comfortably in a place where it has been in the last few breakouts... so there is room.
All literature on this pattern demand waiting until breakout is confirmed. This should be a close or substantial push above previous candles.
For the sake of posting this quickly... I'm going long.
1. Beacuse this is in a clear uptrend.
2. Repeated asc tri behavior increases chances of repeat.
Fundamentals show standard flow to ETH after BTC price surge as investors look to shift into other assets with more room.
The RSI is comfortably in a place where it has been in the last few breakouts... so there is room.
All literature on this pattern demand waiting until breakout is confirmed. This should be a close or substantial push above previous candles.
For the sake of posting this quickly... I'm going long.
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.