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Ascending

ETHUSD - Ether on its way to 650$Unfortunately, my first analysis up here on tradingview did not work out (pattern was never confirmed), so today I thought it's time to give it a another try. After all, it's not to late for some beginner's luck. Over the last months Ethereum formed a ascending triangle pattern that may not be perfect but sure looks good enough. Ether breaking 400$ with highly increased volume is the confirmation I've been waiting for for quite some time. MACD gaining momentum strengthens the pattern further. Nothing more to say here. Despite being not sure about the future of Bitcoin, I am pretty sure about the future of Ethereum. I really do think it's here to stay. In contrast to Bitcoin, Ethereum has one huge advantage: utility for the "normal" economy and companies. And after all, those people have a whole lot more money than the current crypto community. Disclaimer: This is no investment advice and I'm by far not an expert. You should not buy, sell or do anything else just because of my analysis. I'm glad for your feedback.
BITFINEX:ETHUSD
by HFBN
ETHUSD - Ether on its way to 650$Unfortunately, my first analysis up here on tradingview did not work out (pattern was never confirmed), so today I thought it's time to give it another try. After all, it's not to late for some beginner's luck. Over the last months Ethereum formed a ascending triangle pattern that may not be perfect but sure looks good enough. Ether breaking 400$ with highly increased volume is the confirmation I've been waiting for for quite some time. MACD gaining momentum strengthens the pattern further. Nothing more to say here. Despite being not sure about the future of Bitcoin, I am pretty sure about the future of Ethereum. I really do think it's here to stay. In contrast to Bitcoin, Ethereum has one huge advantage: utility for the "normal" economy and companies. And after all, those people have a whole lot more money than the current crypto community. Disclaimer: This is no investment advice and I'm by far not an expert. You should not buy, sell or do anything else just because of my analysis. I'm glad for your feedback.
BITFINEX:ETHUSD
by HFBN
Example of an Ascending TriangleGBPAUD formed an ascending triangle. We could see a horizontal upper line (that would be a resistance) and a lower uptrend line (that would be a support). Prices moves with equal highs, and lows higher than previous. Then after a few attempts, the prices finally break through resistance. The ascending triangle is a continuation pattern. Prices come from an uptrend then prices bounce inside the triangle before breaking higher. To confirm the breakout, the price should close above the resistance line, if so, make a long. The profit target is the distance away as the back of the triangle.
Education
by heco08
GBP/JPY, Ascending Triangle formingHey guys, The red line was the top of a Descending Triangle, and now the bottom of an Ascending Triangle indicating that this is a strong resistance point. Furthermore, most of the time the trend line side of a triangle breaks, so that's why I think the following pattern will happen. The purple line is the bottom of the Ascending Traingle and a possible turning point. If, you zoom out you can see a giant orange channel. Because, these channels sometimes work like a magnet it is even possible that the market will go back inside of this channel or bounce of it. Kind Regards, Khaine
by Wulvex