#ETH breakout this big symmetrical triangle pattern!

2 de dez. de 2022

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ETH/USDT

ETH breakout this symmetrical triangle pattern and continued to grow.

What is symmetric triangle pattern?

A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle.


The price broke through the resistance line, which has now become a support line.
The price can test the support level.

I am going long on ETH at CMP and I will add more up to $1170 with SL if any daily candle close inside this symmetrical triangle.

This is not financial advice (DYOR)

This chart is likely to help you make better trade decisions if it does consider upvoting it.

I would also love to know your charts and views in the comment section.

2 de dez. de 2022

Nota

In Short term, ETH is trending inside this rising channel.

We are expecting some drop up to the $1220 support level so those who want to long with the leverage they can long around 1220$ with SL 1200$

As par, my last ETH long trade set 10% up from our entry