erctrades

ETH/BTC (1W): Descending Triangle, Possibly Bullish Breakout?

Long
COINBASE:ETHBTC   Ethereum / Bitcoin
Looks like a typically-bearish descending triangle is playing out a bit differently this time.

ETH/BTC is beginning to breakout to the upside. If we get a confirmation here, that will be incredibly bullish for ETH/USD. All of that happening in the week leading up to the launch of Ethereum’s long-awaited London hard fork.

(Not to mention, check out how beautifully this aligns with the Fibonacci retracement levels drawn based on the 2017/2018 market.)

Let me know what you think down below :)
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