I am seeing a 'pre-breakout buildup' on ETHUSD. Price is being carried by the 50ema for extended periods. The preceding trend before this sideways movement was bullish (so is bitcoin). There is a squeeze in progress, and we are seeing consistently higher lows.
I see this PA as a high probability breakout potential in the next week or so.
I see this PA as a high probability breakout potential in the next week or so.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.