ETH/USD Potential Triangle for breakout?
Updated
So, I am new to the Tradeview platform and do not trade forex/crypto full-time. However, I love playing with the charts and seeing if an idea works or fails based on the trend I am seeing. I have been shorting Ether for about the past month and was taken by surprise on the recent breakout. Nonetheless, in the spirit of embracing reversals, I have decided to watch for a long term bullish move to jump in long on the crypto. Ether has been stuck in a sideways pattern in my opinion and I feel the trend needs to change one way or another, especially with bitcoin making moves to the upside yesterday. Looking through the 1-4 hours charts I found this sideways pattern may be poising to move in the next day or so. 235-240 for the upside I feel is needed to move up and a solid break of 210-215 to move down. I don't know what the next tests might be, but there are many more talented individuals on here that do. Anyhow, thanks for any feedback.
Trade active
Under pretty heavy selling pressure, chart just punctured down through my trend lines. My thought is that if we don't see a solid retracement back into the sideways zone, we may test the 190 bar again...i placed a short order at 211.648...we shall see!
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