Ascending Triangle

٥ يوليو ٢٠٢٢

If the support area: 1117-1125 is broken down, pullback may be happened till 1090-1100. The bottom support line of the ascending triangle could be good opportunity to get long positions. There are two different scenarios as shown in the chart. I expect a strong bullish scenario during July.
The ascending triangle might be broken upside and create a bull trap. During this trap ETH might reach 1350-1400$ levels.