ETH: CONSOLIDATING INSIDE A TRIANGLE!!
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Welcome to this quick ETH update.
ETH is trading inside a triangle pattern in 4hr time frame. Currently, it is trading near the lower trendline and holding the lower trendline so far. If it breaks down and closes below the triangle then be ready for $1000 per ETH and in that case Alts also started dumping with ETH.
If it holds this support and bounces back then it needs to break above the triangle for a good upside move to the $1600 level.
As of now waiting for a clear direction is a much better decision here.
Hope this idea will help you to take better decisions in your short-term trading plan.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this quick ETH update.
ETH is trading inside a triangle pattern in 4hr time frame. Currently, it is trading near the lower trendline and holding the lower trendline so far. If it breaks down and closes below the triangle then be ready for $1000 per ETH and in that case Alts also started dumping with ETH.
If it holds this support and bounces back then it needs to break above the triangle for a good upside move to the $1600 level.
As of now waiting for a clear direction is a much better decision here.
Hope this idea will help you to take better decisions in your short-term trading plan.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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