Symmetrical Triangle is a trend continuation pattern. Trend is bearish. I would expect a wipeout of longs from summer 2021 bottom of 1.7k area before continuing a new bull trend. I always look for double bottom, triple bottom or Inverse H&S with decreasing slope for any reversal signs. I don't see any reversal signs on ETHUSD.
Trade active
Trade closed: stop reached
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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.