ETHUSDT Technical Analysis UpdateETHUSDT has broken below the Support and on the 4H and 8H has been rejected multiple times from a major Resistance, Now it's at the minor Support area which means it might get a pullback for the 5th time to the Resistance for a retest before it moves down to 2240.23. We need to see the price action on the lower TF carefully to see if there is any good entry for a call or short position.
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Ethusdtlong
ETH/USDT Broke Out of the Smaller TriangleThe decisive breakout of this yellow mini triangle and medium green triangle should take us outside the boundaries of the larger 2 week orange triangle to the upside. First target from the yellow mini triangle is already hit, but the medium and larger ones will take us way up. Here's what I think will happen:
Yellow Mini Triangle Target: $2,806 - HIT
Which broke us out of the Green Medium Triangle
Green Medium Triangle Target: $3,067 - PENDING
Which would break us out of the Orange Macro Triangle
Orange Macro Triangle Target: $4,088 - PENDING
Let's see how this all plays out. Happy trading!