ETHUSD - Analysis

[Adriana Lowe]

https://imgur.com/a/uLCBG4o
Chart from Sigma, by Hydra X

ETHUSD has spent 2019 forming a wide ascending triangle, capped firmly by resistance at ~$160. Previous price action has seen steep rallies to test that resistance, followed by retracements (forming a series of higher lows). Each of the two previous rallies this year was prefaced by a bullish stochastic crossover, such as the one we are seeing now.