ETH Ascending Triangle

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Ethereum is forming an ascending triangle. It could break either way. In my opinion, I think we will break down with MAYBE another touch on the upper resistance line. I'm believe it will break down because Bitcoin is showing a lot of bearish signs. Again, this is just a guess and I could be wrong. Wait for confirmation and play the triangle. If this analysis is right, then my previous analysis could be wrong!

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ملاحظة

Following the overnight action, I now have to change my stance to a bull.

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ملاحظة

If the RSI snaps back really quickly, I would consider this a bull trap. Otherwise, i would consider this a real breakout.

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تم فتح الصفقة

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ملاحظة

fives waves; It the breakout over or is this just the beginning?