ETH/BTC Retested Daily trend line as support possible bull run
ETH/BTC Has broken above the triangle formation it has been ranging in since January and this could point to a long term bull run for ETH.
On the Daily chart, it retested the top of the triangle as support ( Horizontal 1 ).
And we could see at least a test of the next resistance at Horizontal 2.
A decent long trade setup is possible from here with an easy invalidation stop loss just under the Triangle's top trend line ( Horizontal 1 ).
This is not financial advice, manage your risk, and trade carefully!
For a 6 month 10% Discount in fees on BITMEX you can use the link below:
www.bitmex.com/register/oi7blw
For a 5% Discount in fees on Binance you can use the link below:
www.binance.com/en/register?ref=HYT66O...
On the Daily chart, it retested the top of the triangle as support ( Horizontal 1 ).
And we could see at least a test of the next resistance at Horizontal 2.
A decent long trade setup is possible from here with an easy invalidation stop loss just under the Triangle's top trend line ( Horizontal 1 ).
This is not financial advice, manage your risk, and trade carefully!
For a 6 month 10% Discount in fees on BITMEX you can use the link below:
www.bitmex.com/register/oi7blw
For a 5% Discount in fees on Binance you can use the link below:
www.binance.com/en/register?ref=HYT66O...
