ETHUSD - Poised for an Uptrend?

Hydra X

Newbie
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262998

Chart from Sigma by Hydra X

ETHUSD has been trading in an increasingly tight range +/- the $250 handle. The consolidation seems to be forming a bullish pennant; a breakout from the upper trend line could signal a resumption of the uptrend.
 

Silverston

Junior member
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View attachment 262998
Chart from Sigma by Hydra X

ETHUSD has been trading in an increasingly tight range +/- the $250 handle. The consolidation seems to be forming a bullish pennant; a breakout from the upper trend line could signal a resumption of the uptrend.
Yes its a nice set up and trade setup can invalidate if it breaks lower again, potentially would form a cup and handle pattern if it does that.
 
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