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.
ETHUSD - Poised for an Uptrend?
- Thread starter Hydra X
- Start date
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.