Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
ETHEREUM - Price can exit of triangle pattern and then bounce up
Ethereum / TetherUS
Long
ETHEREUM - Price can exit of triangle pattern and then bounce up
By WalterMoon
Follow
Follow
Updated
Jan 7
1
1
Cheer
Cheer
4
4
Jan 6
Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Some time ago price made upward impulse from support line of pennant to resistance line, breaking $2200 and $2365 levels.
After this ETH at once bounced from resistance line and declined to support line, breaking one more time $2365 level.
Later, price made impulse from this line higher than $2365 level, where soon it entered to triangle and then fell below.
Ethereum declined even below support level, which coincided with support area, but recently it bounced from support line back.
Now, ETH continues to trades in triangle near support line and I think price can exit from this pattern.
Then Ethereum can decline a little more and later bounce up to $2310 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Jan 7
Comment
Ethereum finally exited from the triangle pattern, now I think it will little correction and then bounce up to my target - $2310
ETH
Ethereum (Cryptocurrency)
ETHUSDT
pattern
Pennant
Technical Analysis
Trend Analysis
Triangle
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
.