$ETH HAS A LITTLE MORE TO GO ~ 5% ~ 4HR
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Will be taking profit (closing long) at the resistance line. Expecting dip back down to triangle after this. Where I will be picking up more.
Ive been watching the 50-200 MA very closely on
ETH and 
BTC and the "Death Cross" has been denied which is a very bullish sign, for now.
ETH has broken out of the symmetrical triangle but not quite finished its impulse move. Triangles tend to have a breakout the same size as the initial triangle wave. (Refer to the dotted lines)
And im expectingETH to hit the HTF triangle support (Top Solid blue Line) which could be another 5% to around $245 - $250. That's where I will take my final profit, i have already taken out a portion. Im expecting a decent retracement after it reaches the resistance.
Ive been watching the 50-200 MA very closely on
ETH and BTC and the "Death Cross" has been denied which is a very bullish sign, for now. ETH has broken out of the symmetrical triangle but not quite finished its impulse move. Triangles tend to have a breakout the same size as the initial triangle wave. (Refer to the dotted lines) And im expecting
ETH to hit the HTF triangle support (Top Solid blue Line) which could be another 5% to around $245 - $250. That's where I will take my final profit, i have already taken out a portion. Im expecting a decent retracement after it reaches the resistance. Uwaga
Now that the triangle has broke, what used to be resistance has now become a support, and we will see a retracement back down to that trend line eventually.
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