In the Spotlight: ETHUSD — Poised For an Uptrend?

Hydra X
Sigma by Hydra X
Published in
1 min readMay 22, 2019
Chart from Sigma by Hydra X

ETHUSD has been trading in an increasingly tight range +/- the $250 handle. The consolidation seems to be forming a bullish pennant; a breakout from the upper trend line could signal a resumption of the uptrend.

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Hydra X
Sigma by Hydra X

Hydra X builds next-gen trading and financial marketplace technologies to enable access to multiple venues and assets. Visit us at https://hydrax.io for more!