ETHUSDT: Ascending triangle is forming

١٦ يناير ٢٠٢٢

An ascending triangle pattern is forming in the ETHUSDT 1h chart. The upper line breakout would give a bullish signal with a target price of around 3680$.
According to Cointelegraph, Ethereum options data also suggests the continuation of the current bounce, and derivatives traders expect strong resistance at 3600$.

١٧ يناير ٢٠٢٢

تم فتح الصفقة

The price has broken the bottom line of the triangle. But there was no immediate continuation, and it looks like the market is extending its sideways moving.

I would update the triange: