In the past few months ETHER has been consolidating at key pivot points, with higher lows and a key resistance level. This consolidation phase can be identified by an ascending triangle (in green), which in TA is considered a bullish continuation pattern.
There is a key pivot resistance zone that has been tested up to three times now. Once the price breaks this key resistance level buyers will push prices higher than before (i.e. lots of pending orders are waiting above this level to be triggered).
A natural max target profit is the height of the triangle (Target 2), while a more conservative target can also be identified (Target 1). We buy when others are selling and sell when others are buying. This is good time to buy ETH at a discount price. GL.
There is a key pivot resistance zone that has been tested up to three times now. Once the price breaks this key resistance level buyers will push prices higher than before (i.e. lots of pending orders are waiting above this level to be triggered).
A natural max target profit is the height of the triangle (Target 2), while a more conservative target can also be identified (Target 1). We buy when others are selling and sell when others are buying. This is good time to buy ETH at a discount price. GL.
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:)
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ETHUSD continues its ascending path :)
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ETHUSD is continuing is ascending triangle, buy befero is late :)
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Ascending :)
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Update: Target 1 completed. Target 2 ahead
