ETH/USD
4h:Chart formed a triangle pattern with a possible breakout at $229.95 showing market exhaustion ie market is possibly preparing for a break out
I would execute a buy if price breaks support line @ $232.34. If price breaks support line then a buy @ 232.34 setting the TP @ $254 with stop loss @ $216.55 as it would have breaken the larger triangle.
I would execute a buy if price breaks support line @ $232.34. If price breaks support line then a buy @ 232.34 setting the TP @ $254 with stop loss @ $216.55 as it would have breaken the larger triangle.
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Disclaimer
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.