ETH/USD: (1hr) Ascending Triangle - Bullish Breakout?
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.
Leave your thoughts down below :)
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.
Leave your thoughts down below :)