Short

Ethereum traded Next to 1600$ - Symmetry in Triangle patterns

Updated

Comments on the chart - RM including the probability of a fake break out.

Note

Given the correlation with overall markets, the move on ETH/USDT might be impacted/accelerated by the news on CPI Report Expected to Show U.S. Inflation to be issued today 10.6.22.
Investors wouldn't want to get caught out by a surprise, so trading before the release is light (personally, have exited the position @1768$ might re-enter depending on the moves); Whereas the position is kept - calculated risk management higly recommended - high volatility expected this Friday.

Note

Reentered @$1,722 monitoring the initial target of $1605. Exit @1605.
It is estimated that after hitting $1600 a reversal could incur to approx $1700.

vix-i

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