ETH is currently inside of a long consolidation which is now at a critical point. We seem to have created a new potentially more aggressive ascending trend line based on our fall to .055 BTC back in March this year (2018). If we respect this newer trendline, we could have a bullish exit of this triangle as per the chart (per yellow scenario). If we break through the bottom of this trend line, then we will likely still see a bullish end to this consolidation, but it will be a bit less dramatic (purple scenario).
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***