Helical_Trades

ETH/USDT : Moving in a triangle !

BINANCE:ETHUSDT   Ethereum / TetherUS
BINANCE:ETHUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !

On our recent #ETH's analyze we mentioned the possible buy zone at $4K and it just reached and surged to $4400 where it's currently moving.
Now #ETH has formed a symmetrical triangle and it's can be a lead for bulls to break above the pattern as we standing below the higher line currently !
However we have the volatility and RSI that reached their buy limit zone based on logarithmic active volatility .
Have to mention that the recent attempt to breakout was the 2nd attempt so there's a possibility for bulls to push back the pair above the triangle's higher...
Anyway we'll play the chart with only two scenarios :
- Take hold above the 4H's order-block and lead the pair above the pattern with a retest confirmation; After the confirmation we'll aim for new ATH and the supply zone above.
- Break below order-block and follow the volatility's limitation, This could dump the pair to main interest zone below dynamic support at the triangle's lower and the bullish order-block !

📚 Also we can count on the bullish trendline as a 1st retest line to maximize our accuracy on micro movements...

Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
@Helical_Trades

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