Formation of Symmetrical triangle in Ethereum classic
* Ethereum classic in 4H time frame forms a symmetrical triangle pattern near it's resistance.
* Symmetrical triangle pattern occurs when the price is consolidated within two trend-line till it is forced to break the either of the trend-line.
* If the price breaks the below trend-line of the pattern we can see a trend reversal till $56 or if it breaks the upper trend-line it will continues the rally till $61.
* Symmetrical triangle pattern occurs when the price is consolidated within two trend-line till it is forced to break the either of the trend-line.
* If the price breaks the below trend-line of the pattern we can see a trend reversal till $56 or if it breaks the upper trend-line it will continues the rally till $61.
Transakcja zamknięta: osiągnięto wyznaczony cel:
Breakout of upper trend-line first target hit
Komentarz:
Second target hit