Expanding or Reverse Symmetrical Triangle
Also known as a broadening top, an expanding triangle or a megaphone top, the reverse symmetrical triangle is a indicator, and the technical implications are usually extreme.
It is a rally to a new high, weakness to an intermediate . Then it’s a second rally to a higher high on increased and a decline through the intermediate . And, finally, there’s a third rally to a higher high on strong , followed by an eventual collapse.
Again, this pattern develops because of indecision and extreme .
BTW Im holding ETH and other alts (not important) waiting on march to see a better overall market cap and wait for other alts to go back to their normal prices will use this dis to buy more to average down and sell my other alts. Wont hold ever again. In a firm believer in cutting losses. Cogno Again this is just my opinion I hope I didn't bore you!
The psychological tension that occurs when one holds mutually exclusive beliefs or attitudes and that often motivates people to modify their thoughts or behaviors in order to reduce the tension.