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ETHUSD Symmetrical Triangle Continuation Pattern Breakout Trade

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
ETHUSD seems to be in a symmetrical triangle continuation pattern on the 4hrly chart and there is a breakout trade opportunity. If this does have a bullish breakout, depending on where and when it breaks out, target is at about 255-260.

This is only an observation and best trade possibility is after it breaks out and bounces with confirmation from the resistance turned support line at the top of the descending line of the symmetrical triangle with confirmation candle.

Beware of fakeouts and always get in profitable stop losses once in comfortable profits.

Nothing is 100% ever. Trade within your means, always.

Good luck!