Hi!
Ethereum is currently consolidating within a large symmetrical triangle pattern. While the price is hovering around $1,977, the lack of upward momentum suggests the bears might be taking control.
The Setup:
The price has been squeezed between converging trendlines, and we are approaching the apex of the triangle. We are looking for a definitive move to confirm the next local trend.
The Strategy:
The primary play here is to wait for a breakdown below the lower support line of the triangle.
Entry Trigger: Look for a sustained break below the triangle support (roughly the $1,900 – $1,920 zone).
Execution: Enter a short position if the price breaks down and ideally retests the lower trendline as resistance.
Profit Target: The technical target for this triangle move sits at $1,781.65.
Bottom Line: Keep a close eye on the lower boundary. If that support snaps, we likely see a swift move toward the $1,780 level. Stay patient and wait for the confirmation.
Ethereum is currently consolidating within a large symmetrical triangle pattern. While the price is hovering around $1,977, the lack of upward momentum suggests the bears might be taking control.
The Setup:
The price has been squeezed between converging trendlines, and we are approaching the apex of the triangle. We are looking for a definitive move to confirm the next local trend.
The Strategy:
The primary play here is to wait for a breakdown below the lower support line of the triangle.
Entry Trigger: Look for a sustained break below the triangle support (roughly the $1,900 – $1,920 zone).
Execution: Enter a short position if the price breaks down and ideally retests the lower trendline as resistance.
Profit Target: The technical target for this triangle move sits at $1,781.65.
Bottom Line: Keep a close eye on the lower boundary. If that support snaps, we likely see a swift move toward the $1,780 level. Stay patient and wait for the confirmation.
Trade aktif
The breakdown happened!
📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
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.
📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
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.