Interesting setup on the 1h chart for ETH/USD with an ascending triangle! As you can see price just created an all-time high around 52.9 and market volume is decreasing.
I'm sure we will experience a temporary drop but soon enough the bulls will be back, keep an eye on this structure over the next week.
If you want more trading inspiration, connect with me below.
I'm sure we will experience a temporary drop but soon enough the bulls will be back, keep an eye on this structure over the next week.
If you want more trading inspiration, connect with me below.
Note
Price is now approaching the trendline, we will see a break in this area followed by a move down to support.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
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.