ETH/USDT : Moving in a triangle !

30 nov 2021

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