ETHUSD.PI trade ideas
symmetrical triangle What is a Symmetrical Triangle
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.
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.
Rangebound support if broken then we may see a further downside on major support eth if broken then we may see a further downside ! expect the crypto market to be volatile w.r.t NASDAQ
people drawing out money from volatility to stable funds #eth though its better buy over BTC but flip may take its time
ETHUSDDescending Channel pattern formation on ETH on a 30min timeframe ! Target should be around 3300$ ! SL 3200$
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I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
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