ETH/EUR on the 1H timeframe shows the formation of yet another suggesting that a push towards the upside is likely. However, for this push to take place we will need more , as it now seems lower than previous days but i am confident that it will increase when the green candle will be closer to the resistance of the triangle ( on the top). If you zoom out you can see that ETH has very recently broken out of the previous so i am confident this can happen again. As i said, this is the 1H timeframe, however this pattern holds true even on the 4H timeframe, showing that an eventual breakout will be longer lasting.
ETH on the verge of another breakout
- by admin