📊#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 👀
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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 👀
🤜If you like my analysis, please like 💖 and share 💬
ETHUSDT.P 
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
💎Use 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👇
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.