Symmetrical Triangle formation in Ethereum/USD(15 min Timeframe

15 Nis 2023

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

15 Nis 2023

Not

Target 1 = 2095.37 hit

16 Nis 2023

Not

Target 2 = 2083.14 hit 6:40AM

16 Nis 2023

İşlem kapandı: hedefe ulaştı

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