born2bwylde2005

symmetrical triangle with 1 side stronger, possible bear

Kort
COINBASE:ETHUSD   Ethereum
Triangle pattern on 1 D chart showing very strong bear signal, lower side of triangle very steep compared to the upper side of the triangle. If this triangle was symmetrical it would be a trend continuation which its not both sides of the triangle are not even. However we have one side stronger then the other which indicates price could retrace back down to the 2100 price point. just be careful trade carefully wait to see if 3900 holds if holds we will see a bear response. but with an uneven triangle you always want to trade with the steeper side.
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.