ðĨ Ethereum Symmetrial Triangle: Break Out Or Consilidation
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!
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Lower bound of the pattern seems to hold for now. A bearish break out could signal further downside, $3900 - $3700.
ðŊOfficial Channel: t.me/FieryTradingChannel
ðTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
â Monster Signals: t.me/monster_cryptosignals
ðĨPremium Signals: www.fierytrading.com
ðTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
â Monster Signals: t.me/monster_cryptosignals
ðĨPremium Signals: www.fierytrading.com
