It seems that sellers are exhausted (for now), and cryptocurrencies are showing signs of recovery. The leading altcoin, Ethereum, is in an ascending triangle on lower time frames. It is a bullish pattern that tends to break above the horizontal boundary.
If that happens, we can buy ETHUSD.
The target should be equal to the triangle's height.
Stop-loss, below the triangle's horizontal line, with some space so the trade can breathe.
Follow me for more Crypto and FX trading ideas.
If that happens, we can buy ETHUSD.
The target should be equal to the triangle's height.
Stop-loss, below the triangle's horizontal line, with some space so the trade can breathe.
Follow me for more Crypto and FX trading ideas.
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