jpbrown1023

Ethereum - Completing a 2 Year Triangle, Get Ready!

Long
COINBASE:ETHBTC   Ethereum / Bitcoin
Taking a look at the daily ETHBTC chart, we can see that Ethereum has been trading in a triangle since June of 2017. The price action is nearing the end of the triangle, which could mean incoming volatility if we can get a breakout above the solid pink resistance trend. The price is flagging at the moment. I have my buy order ready above resistance in case we break out. If we don't, the dotted support line would be a great place to scoop up some cheap ETH before retesting resistance again. This is a massive triangle. Given the .15 triangle height, we could have a long-term target of .18.
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