$ETH is getting squeezed hard on the daily chart... and this kind of compression usually does not stay quiet for long.
For almost 30 days, ETH has been moving sideways around the 50 EMA, while the range keeps tightening inside a symmetrical triangle.
That usually means one thing: pressure is building, and the closer price gets to the edge, the more explosive the next move can become.
Right now, this is the kind of chart that can look boring right before it gets very interesting.
If the breakout comes clean, ETH could finally deliver the kind of expansion move traders have been waiting for.
#ETH
For almost 30 days, ETH has been moving sideways around the 50 EMA, while the range keeps tightening inside a symmetrical triangle.
That usually means one thing: pressure is building, and the closer price gets to the edge, the more explosive the next move can become.
Right now, this is the kind of chart that can look boring right before it gets very interesting.
If the breakout comes clean, ETH could finally deliver the kind of expansion move traders have been waiting for.
#ETH