ETHUSD rising triangle to 1.618 extension by EOY ($900)
Updated
I haven't posted anything on ETH recently largely because EOS provides much better growth. Still, ETH now is looking very bullish.
It appears to be in a rising triangle with two breakout scenarios. I personally believe the right one (i.e. to retest the support first) is more likely because the indicators show a lack of preparation for breakout.
Judging from the previous breakout after trading within a range, I believe the 1.618 extension to $900 is not only feasible but very likely. The best entry post is around $700.
Also check out my site: jlteng.com
It appears to be in a rising triangle with two breakout scenarios. I personally believe the right one (i.e. to retest the support first) is more likely because the indicators show a lack of preparation for breakout.
Judging from the previous breakout after trading within a range, I believe the 1.618 extension to $900 is not only feasible but very likely. The best entry post is around $700.
Also check out my site: jlteng.com
Note
actually, maybe $710 is better an entry because 700 is very unlikely
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