Ascending triangle and Fib extension signals new ATH
With an ascending triangle forming on the hourly time frame and given the current momentum on 
ETHUSDT we could see a new ATH within a foreseeable future.
The target of the ascending triangle also matches perfectly with the fib extension to with a target between 1.236 and 1.618 levels. However the hitting the ATH area might reject in the first try.
Note that the oscillators like MACD are not confirming the upside yet.
ETHUSDT we could see a new ATH within a foreseeable future.The target of the ascending triangle also matches perfectly with the fib extension to with a target between 1.236 and 1.618 levels. However the hitting the ATH area might reject in the first try.
Note that the oscillators like MACD are not confirming the upside yet.
Note
After a retest, we are now moving up towards the previous all time high
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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.