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ETHUSD - Long
Ethereum had been trading in a range for the past 2 weeks.
The 4-hourly trend shows a rising parallel channel.
Now, Ethereum has broken its resistance at 1300 which is now acting as support. The new resistance is at 1345.
Current price action is creating an ascending triangle strongly indicating a continuation of the bullish trend. If the price breaks the 1345 resistance, the bullish trend will be confirmed.
The 4-hourly trend shows a rising parallel channel.
Now, Ethereum has broken its resistance at 1300 which is now acting as support. The new resistance is at 1345.
Current price action is creating an ascending triangle strongly indicating a continuation of the bullish trend. If the price breaks the 1345 resistance, the bullish trend will be confirmed.
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