ETHFI/USDT — Symmetric Triangle at the Decision Point!The chart shows a symmetric triangle pattern (descending resistance + ascending support) approaching its apex. Price is currently testing the descending resistance area around 1.25 (red label) — a major decision point. Key horizontal targets/support levels are already marked on the chart (yellow).
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Pattern Description
* Pair: ETHFI / USDT, 2-Day timeframe.
* Previous long-term trend: bearish (descending resistance line from the left).
* After bottoming near \~0.32–0.40, price formed higher lows (rising support) and lower highs (falling resistance) → creating a symmetric triangle / wedge.
* Volume typically contracts as the pattern nears the apex — this is a neutral-to-continuation pattern: often continues in the prior trend (bearish) but can also break upward strongly if there’s a catalyst.
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Key Levels
Resistance / Upside targets:
* 1.250 — near-term resistance (↑ +6.4%).
* 1.784 — next major (↑ +51.8%).
* 2.390 (↑ +103.4%).
* 2.959 (↑ +151.8%).
* 5.024 (↑ +327.6%).
* 7.001 (↑ +495.8%).
* 8.660 (High, ↑ +637.0%).
Support / Downside levels:
* 0.850 (↓ −27.7%).
* 0.650 (↓ −44.7%).
* 0.500 (↓ −57.4%).
* 0.400 (↓ −66.0%).
* 0.320 (↓ −72.8%).
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BULLISH Scenario (if breakout occurs):
* Breakout confirmation: 2D candle close above the descending resistance line + above 1.250, with increased volume. Ideally, a retest as support after the breakout.
* First target: 1.784 (conservative TP). If momentum is strong: 2.39 → 2.959.
* Risk management: stop loss below breakout candle or below the rising support line (e.g., entry at 1.30, stop \~1.00–1.05). Use position sizing to keep per-trade risk small (1–3% of capital).
* Significance: a break above will signal a potential *trend reversal* from long-term downtrend to accumulation/uptrend.
BEARISH Scenario (if breakdown occurs):
* Breakdown confirmation: 2D candle close below the rising support line with increased sell volume; failed retest confirms weakness.
* First target: 0.850. If selling pressure continues: 0.65 → 0.50 → 0.32.
* Risk management: if shorting, stop above retest/resistance (or above 1.25 if a failed breakout).
* Significance: since the prior long-term trend is bearish, a breakdown has high probability of trend continuation to the downside.
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Trade Ideas
* Conservative: set alerts for 2D close > 1.25 + higher volume; partial entry, partial TP at 1.78, trail the rest.
* Aggressive: enter on breakout & retest of resistance as support.
* Bear setup: short after confirmed close below rising support & failed retest; target 0.85 first.
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Technical & Psychological Notes:
* Pattern is very close to the apex → large move likely within the next few weeks on the 2D chart.
* Volume & candle close are key to avoid chasing fake breakouts.
* Also watch general crypto sentiment & news catalysts as they can trigger breakouts against the technical bias.
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