Hello traders! After Ethereum laid quiet for a few days in a symmetrical Triangle, Ethereum called a decisive breakout to the upside. This indeed excites us, because a breakout will be followed by big price moves.
The breakout is verified, according to the criteria below. We have:
1.✅ Prior consolidation with low volume
In the consolidation, we had a decreasing volume. A breakout is stronger with prior low volume.
2.✅ Solid green candle
A solid green candle means that the buyers trust in the breakout. More buyers mean a stronger breakout.
3. ✅ Forced breakout
When I mean by forced breakout, it means that the price must break out in either direction because it is at the tip of the triangle.
4. ✅ Effective Divergence Indicator gives an additional buy signal
The EffDi(my indicator) gives a supporting buy signal, validating the trend.
That is indeed a lot of confirming criterion. Our buy rocket is set to fly in uncharted territory! Are you ready? Take action by entering a position. It is only a matter of time. Get ready to blast off!
Thanks! Don't forget to like and follow.
The breakout is verified, according to the criteria below. We have:
1.✅ Prior consolidation with low volume
In the consolidation, we had a decreasing volume. A breakout is stronger with prior low volume.
2.✅ Solid green candle
A solid green candle means that the buyers trust in the breakout. More buyers mean a stronger breakout.
3. ✅ Forced breakout
When I mean by forced breakout, it means that the price must break out in either direction because it is at the tip of the triangle.
4. ✅ Effective Divergence Indicator gives an additional buy signal
The EffDi(my indicator) gives a supporting buy signal, validating the trend.
That is indeed a lot of confirming criterion. Our buy rocket is set to fly in uncharted territory! Are you ready? Take action by entering a position. It is only a matter of time. Get ready to blast off!
Thanks! Don't forget to like and follow.
