* Ethereum classic in 4H time frame forms a symmetrical triangle pattern near it's resistance.
* Symmetrical triangle pattern occurs when the price is consolidated within two trend-line till it is forced to break the either of the trend-line.
* If the price breaks the below trend-line of the pattern we can see a trend reversal till $56 or if it breaks the upper trend-line it will continues the rally till $61.
* Symmetrical triangle pattern occurs when the price is consolidated within two trend-line till it is forced to break the either of the trend-line.
* If the price breaks the below trend-line of the pattern we can see a trend reversal till $56 or if it breaks the upper trend-line it will continues the rally till $61.
Trade closed: target reached
Breakout of upper trend-line first target hitNote
Second target hit
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.