ETH is currently consolidating in a symmetrical triangle - a narrowing range created by alternating lower highs and higher lows. This pattern is considered neutral, but when broken through it usually gives a strong impulse to movement, you also need to take into account the information from the previous analysis of ETH
A pennant is also being formed - after a strong impulse, the price contracts, creating a small narrow channel (pennant), which often continues to move in the same direction after the breakout
Current price: $3.684
Probable price of the upper breakout from $4100 to $4800, then most likely there will be a small price drop
The probability that we will go down is extremely small now, but the price may fall to the level of $3400 or $3300
A pennant is also being formed - after a strong impulse, the price contracts, creating a small narrow channel (pennant), which often continues to move in the same direction after the breakout
Current price: $3.684
Probable price of the upper breakout from $4100 to $4800, then most likely there will be a small price drop
The probability that we will go down is extremely small now, but the price may fall to the level of $3400 or $3300
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.