Cryptocurrency

ETHEREUM TRADING SCENARIO. BREAKOUT CONFIRMED!


https://pbs.twimg.com/media/DOoo1RoX4AAsai2.jpg
*Coin Telegraph*

GOOD AFTERNOON STEEMIT!

Supply/demand in trading is such a beautiful thing.

Yesterday on the Steemit blog, I spoke about a possible [Ethereum trading scenario](https://steemit.com/ethereum/@forexbrokr/possible-ethereum-trading-scenario-is-a-breakout-pending) that featured a nice, clean supply/demand setup.

Click the link above or take a look at the chart and thoughts posted here:

> ### ETH/USD Hourly
> https://pbs.twimg.com/media/DOjcRuiUEAA5Meo.jpg
>
> The hourly shows a nice ascending triangle. What this pattern of higher highs shows, is the sellers being absorbed.
>
> When there are no sellers left to be absorbed, I’m sure you can work out what happens to price.

Now take a look at today’s Ethereum chart:

### ETH/USD Hourly
https://pbs.twimg.com/media/DOom6T0XkAEBqMu.jpg

That’s as close to textbook as you’re going to get.

https://i.imgur.com/2lW67v4.gif

Peace.

Please ***leave a comment*** with your ideas or just share a chart.

Blogging about markets is all about sharing ideas and making us see all possible angles. I look forward to ***having you follow along*** and reading what you throw at me.

**Twitter:** [@forexbrokr](https://twitter.com/forexbrokr)
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**Website:** [www.forexbrokr.com](http://www.forexbrokr.com/)




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