ETH / USD Triangle. The price is clamped. Coming soon.

COINBASE:ETHUSD   Ethereum / U.S. Dollar
At the local levels of the secondary trend, a triangle has formed. The price is squeezed. Coming soon.
It is possible to work in two directions, as many trading floors on the ETH tool allow you to work not only in the long, but also in the short. Depending on where the canvas of the triangle breaks through and what local trend will develop, your work also depends.

Pay attention to the red downtrend line of the main trend, which has been broken and now the price has returned under it. Also, pay attention to the decrease in trading volume with a simultaneous narrowing of volatility and pinching prices into a corner. This means that traders are inspired by the uncertainty of movement and soon there will be a denouement. Do not enter the deal ahead of time. It’s better to earn less, but for sure, than to lose.

Pay attention to very important dates, they are not associated with this particular tool, but the price will respond.

If you are not in a position, then the entrance is only for breakdown or rollback after the breakdown of a triangle.

Stop loss.
Set Stop Loss value with calculation of your trading strategy and money management. It is important not the Stop Loss value, but the entry point.

All the goals, depending on where the triangle breaks out, depicted on the graph.
Trade closed: target reached: 1 target taken
Trade closed: target reached: ETH / USD + 45% from entry point 2 target taken. An upward wedge forms
Trade closed: target reached: From the entry point + 80.88%.
Since last update 21.18%
The price has definitely reached the indicated price level.
Comment: +10% There is a breakdown of the local downtrend line.
Trade closed: target reached: +65% +22% +48%
Trade closed: target reached: ETH / USD + 70% For 13 days (13).
Think what the figures for the percentage growth of ETH 7 days ago by + 18.23% meant (the number of the fraction after what should be) and why now ETH showed the same non-random + 70.99% with the same values of the breakdown of the downtrend line (70, 18 -7.18). 18.23% was posted on my instagram 7 days ago.

The total profit for a trading idea and an idea of training / real trading is + 68% + 22% + 70% = + 160% purely large movements without margin and leverage risks.
Trade closed: target reached: + 65% + 22% + 70% + 22% + 33% (an upward trend is developing).
Comment: ETH/USD Please note that the timeframe on the chart is 1 week.
This idea makes it clear what is happening globally on the chart on a large timeframe. We are currently witnessing a secondary uptrend developing. The downtrend line is broken. The double bottom is formed with a base of 240%. Now we are working on its target, as the price has broken through the resistance of its top. work on a trend
Comment: Local work There is a break of the main trend line (zone). If this level is held, they may draw a double bottom and return the price to an uptrend. If not, then a possible trend reversal.
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Nice one ! Congrats who utilised your trading idea!
+1 Reply
SpartaBTC NotAthing
@NotAthing, Thank you 1 target taken. Move on.
I will be looking at ethusd from this point of view
+1 Reply
great perfect idea
+1 Reply
SpartaBTC CryptoCheck-
@CryptoCheck-, thank you very much
SpartaBTC CryptoCheck-
@CryptoCheck-, Thanks.
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