Over the course of two weeks, ETH has formed a nice symmetrical triangle pattern. These patterns are classically consolidating patterns which break out into a continuation of the trend.
In the shorter-term, I'm expecting the price to follow the pattern. A key level to watch is going to be the upper resistance of the triangle. If that one holds, expect more consolidating price action.
In case of a break out, I'm looking at the $4450 and $4650 areas for potential exits.
Happy trading!
In the shorter-term, I'm expecting the price to follow the pattern. A key level to watch is going to be the upper resistance of the triangle. If that one holds, expect more consolidating price action.
In case of a break out, I'm looking at the $4450 and $4650 areas for potential exits.
Happy trading!
Заметка
Lower bound of the pattern seems to hold for now. A bearish break out could signal further downside, $3900 - $3700.
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
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🔥Premium Signals: fierytrading.com
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✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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