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👇
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.