The analyst envisioned ETH moving inside a, which comprises a horizontal trendline resistance and rising trendline support.
Notably, ETH's latest retest of the structure's lower trendline could initiate a big rebound toward its upper trendline, which sits around the $4,000-level, as shown below.Wolf took his bullish cues from a similar triangle setup from 2016, whose formation preceded a major bull run from $1 to $27. Similarly, another ascending triangle occurrence in 2017 coincided with a bullish follow-up, wherein ETH/USD rose 270% to over $1,500.
IamCryptoWolf bitcoinwallah I think it has👌🏼
IamCryptoWolf bitcoinwallah Could eventually see... we were there a matter of months ago
IamCryptoWolf bitcoinwallah Excellent news. I'll break even.
IamCryptoWolf bitcoinwallah I am here to show my appreciation to Austin_Cryptto who took me out from nothing to something from $5k account to $50,000 richer! Thank you very much.. You can contact him for more information on how to earn via Telegram link ✍🏼
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