Ethereum - Symmetrical Triangle - BULLISH

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Symmetrical Triangles can be characterized as areas of indecision. A market pauses and future direction is questioned. Typically, the forces of supply and demand at that moment are considered nearly equal. The Following is a Typical Symmetrical Triangle Pattern

Attempts to push higher are quickly met by selling, while dips are seen as bargains.
Each new lower top and higher bottom becomes more shallow than the last, taking on the shape of a sideways triangle. (It's interesting to note that there is a tendency for volume to diminish during this period.)
Eventually, this indecision is met with resolve and usually explodes out of this formation (often on heavy volume .)

High divergence on MACD


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Ascending Broadening Wedge

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Symmetrical Triangle BREAKOUT

So that was pretty good! We're at strong monthly support with a good bullish divergence!
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ferGOD Vaggitarian
@Vaggitarian, The problem is that great players can handle. What happened tonight? Market manipulation. manipulations destroy the chart
Wooow! great analysis! Tnk!
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ferGOD f3rG0D
@f3rG0D, Thank you! Together for ever!
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