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 with a simultaneous narrowing of 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.
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.
Since last update 21.18%
The price has definitely reached the indicated price level.
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.
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