Coinathlon

ETH breakout

Panjang
BINANCE:ETHBTC   Ethereum / Bitcoin
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ETH has formed this ascending triangle over the past eight months and traded beautifully within it.

- Flipped S/R at the daily level (25K sats)
- Breakout of the triangle

FA:
- Whales are accumulating ETH as the number of large ETH adresses has been growing over the past five months
- Grayscale bought nearly half the amount of ETH mined in 2020
- ETH will move from POW to POS.

Entry: now

Targets:
Weekly resistance levels at 31.1K and 36.6K sats.

Not financial advice.

Penafian

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