Symmetrical Triangle formation in Ethereum/USD(15 min Timeframe

As we can see Ethereum/USD is making Symmetrical Triangle pattern in 15 min Timeframe. As price is making Higher low's, it is gaining a momentum. If price crosses upper resistance trendline we can see a further upmove and crosses down support trendline we can see a further downmove. This is symmetrical triangle pattern also called as continuation pattern. If price breaches either of one side then we can expect price will move by that direction only.

Condition 1= If price breaks and closes above the Resistence Trendline
Target 1= 2122.01
Target 2= 2125.51
Target 3= 2130.62
Stop Loss= Place stop loss as per your Risk to Reward Ratio

Condition 2= If price breaks below the Support Trendline
Target 1= 2095.37
Target 2= 2083.14
Target 3= 2073.39
Stop Loss= Place stop loss as per your Risk to Reward Ratio

Yorum:

Target 1 = 2095.37 hit

Yorum:

Target 2 = 2083.14 hit @6:40AM

İşlem kapandı: hedefe ulaştı:

Target 1 and 2 successfully hit, Target 3 almost hit 2075.48 @6:45AM