【ETHJPY】Battle at the upper resistance line
In the post dated July 28 titled "【ETHJPY】 Breakout Imminent!? Ethereum Getting Tight," I focused on the bullish and bearish trend lines drawn on the daily chart: the upper resistance line connecting the May 6 high and the July 17 high, and the lower support line connecting the March 30 low, forming a triangle consolidation. I stated that a breakout is approaching, with a possibility of touching the upper resistance line as early as today.
Continuing, I want to pay attention to whether the breakout will occur to either the upside or downside of the triangle consolidation, and whether the breakout will be a single candlestick movement or a gradual one. I will watch that movement closely.
× ![]()