ETH - Bullish arguments (Ascending Triangle)
We have a beautiful ascending triangle forming, more clear on 4hr following the bullish shark with deepest retrace possible 1.13 ; be cautious around the .5 retrace (top of the ascending triangle breakout for Bearish 5-0 / bear trap). If we break out though the measured move of the ascending triangle takes us up to the .886 retrace (confluent with bearish Bat harmonic) right around 4k mark. Blow through that/show strength there, not much profit taking then ATH levels and we break that can continue onward to new ATH targets.
Honestly longer we spend consolidating before breakout on Ethereum and Bitcoin (imo) the better. I personally been focusing on DCA with ETH, ADA, MKR, BNB (coins with the best charts technically, best recoveries and then fundamentally offer edges I like (Cardano's proof of stake, MKR's scarcity, BNB's utility token, and Ethereums large network/internet of things utility and future proof of stake). Not financial advice, not a financial advisor.
Honestly longer we spend consolidating before breakout on Ethereum and Bitcoin (imo) the better. I personally been focusing on DCA with ETH, ADA, MKR, BNB (coins with the best charts technically, best recoveries and then fundamentally offer edges I like (Cardano's proof of stake, MKR's scarcity, BNB's utility token, and Ethereums large network/internet of things utility and future proof of stake). Not financial advice, not a financial advisor.
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