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ETHUSD Triangle after major resistance breakout is bullish
If you've missed the boat on the latest breakout of the major descending resistance on ETHUSD then don't worry, the triangle on the hourly that we're seeing looks very bullish yet again. Triangles tend to be consolidation for a move higher. We could get a fall below the triangle as a "fakeout" in what would seem more like a bullish flag channel but it'll likely yield more buyers a little below in the $460 range so the risk/reward is there to continue adding to your ETH position. Overall this type of price movement is confirming that we have seen a longer term bottom in ETHUSD
ETHUSD then don't worry, the triangle on the hourly that we're seeing looks very bullish yet again. Triangles tend to be consolidation for a move higher. We could get a fall below the triangle as a "fakeout" in what would seem more like a bullish flag channel but it'll likely yield more buyers a little below in the $460 range so the risk/reward is there to continue adding to your ETH position. Overall this type of price movement is confirming that we have seen a longer term bottom in ETHUSD
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