Chart Pattern: Symmetrical Triangle Formation
The price action is forming a symmetrical triangle, a pattern that typically signals a breakout in either direction.
The price is currently trading near the apex of the triangle, indicating an imminent breakout.
Key Levels:
Resistance Zone: ~$1,920
Support Zone: ~$1,839 (marked in blue)
Breakdown Target: If the price breaks below the triangle, ETH could drop toward $1,839 or lower.
Market Sentiment & Price Action:
The lower highs and higher lows show decreasing volatility, signaling a squeeze before a breakout.
A breakdown is more likely, considering the minor lower highs forming within the triangle.
A potential retest of the lower trendline before a drop aligns with typical price behavior before a bearish breakout.
Conclusion:
If ETH breaks below the triangle support, expect a sharp drop toward $1,839.
If ETH breaks above the resistance, a bullish move towards $1,960+ could happen.
Traders should watch for confirmation before entering trades.
The price action is forming a symmetrical triangle, a pattern that typically signals a breakout in either direction.
The price is currently trading near the apex of the triangle, indicating an imminent breakout.
Key Levels:
Resistance Zone: ~$1,920
Support Zone: ~$1,839 (marked in blue)
Breakdown Target: If the price breaks below the triangle, ETH could drop toward $1,839 or lower.
Market Sentiment & Price Action:
The lower highs and higher lows show decreasing volatility, signaling a squeeze before a breakout.
A breakdown is more likely, considering the minor lower highs forming within the triangle.
A potential retest of the lower trendline before a drop aligns with typical price behavior before a bearish breakout.
Conclusion:
If ETH breaks below the triangle support, expect a sharp drop toward $1,839.
If ETH breaks above the resistance, a bullish move towards $1,960+ could happen.
Traders should watch for confirmation before entering trades.
أغلقت الصفقة: تم الوصول للهدف
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.