ETH is having a hard time breaking the level set on Jan 19th.
On jan 19th ETH hit it's ATH of $1,438.30. However, ever since that happened ETH has been struggling to break that point over and over again.
We can see that right now price for ETH is on an ascending triangle, so the indication for opening long positions at the moment would be a break on the $1,438.30 level with subsequent support in the following candle for the same level. The bullish last couple of candles as well as the volume indicate that a breakout is really possible at the moment.
A downside break from the ascending triangle would indicate a pullback on the price with no support really tested so I would advise caution if this is the case.
Not trading advise of any kind.
Please, if you like my ideas feel free to donate to the following so I can keep them coming:
BTC: bc1qsj68erhaey9z77tw2ewyhz4gsptjm4as38xqz7
ETH: 0x2e3EC13818124420c4a0E2bff69Be51aEEA647fD
We can see that right now price for ETH is on an ascending triangle, so the indication for opening long positions at the moment would be a break on the $1,438.30 level with subsequent support in the following candle for the same level. The bullish last couple of candles as well as the volume indicate that a breakout is really possible at the moment.
A downside break from the ascending triangle would indicate a pullback on the price with no support really tested so I would advise caution if this is the case.
Not trading advise of any kind.
Please, if you like my ideas feel free to donate to the following so I can keep them coming:
BTC: bc1qsj68erhaey9z77tw2ewyhz4gsptjm4as38xqz7
ETH: 0x2e3EC13818124420c4a0E2bff69Be51aEEA647fD