đź“Š#ETH Symmetrical Triangle
🧠From a structural perspective, we are still in the 1737-2152 range-bound trading phase. Therefore, we can trade within this range, going long or short!
➡️From a model perspective, the highs are gradually declining, and the lows are gradually rising, forming a symmetrical triangle after the price has been compressed. Therefore, we need to observe a valid breakout from either side. A bear flag pattern has also formed inside the triangle. If we break below the lower edge of the bear flag, we may test the strong support around 1800.
➡️Strong resistance remains around 2138-2150
⚠️Note that we are in the early stages of a bear market, a phase of liquidity depletion. Therefore, be wary of liquidity traps at the top and bottom of the range!
Let's see đź‘€
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ETHUSDT.P
🧠From a structural perspective, we are still in the 1737-2152 range-bound trading phase. Therefore, we can trade within this range, going long or short!
➡️From a model perspective, the highs are gradually declining, and the lows are gradually rising, forming a symmetrical triangle after the price has been compressed. Therefore, we need to observe a valid breakout from either side. A bear flag pattern has also formed inside the triangle. If we break below the lower edge of the bear flag, we may test the strong support around 1800.
➡️Strong resistance remains around 2138-2150
⚠️Note that we are in the early stages of a bear market, a phase of liquidity depletion. Therefore, be wary of liquidity traps at the top and bottom of the range!
Let's see đź‘€
🤜If you like my analysis, please like 💖 and share 💬
ETHUSDT.P 
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đź’ŽUse WolfKing's exclusive invitation code to trade and gain VIP subscription access.
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.