ETH - Watch out for Triangle formation

ETHUSDT
ETH is forming up a traingle again. Last time it broke the other way so it's important to wait for breakout confirmation. Resistance at 318 looks major one and I think it would take a couple of retries before the breakout.

Trade active:

Eth looks set to test the resistance again. It looks good for entry with stop loss somewhere below 280 depending on your risk tolerance.
If it breaks 318 convincingly, the target will be in 350-400 range.

Comment:

It's currently testing the trend-line support. The next support is at 263 and 257.

Comment:

Looks like the resistance has been broken. Regardless of that it has made a new high, broke resistance and now it's a support. If it continues upward trajectory the next major resistance is in 375-400 zone where I think it will go range bound. 407 is Eth all time high so if it breaks that resistance it will be in uncharted territory.
I would ride this rally by increasing the stop losses.