Warning: ETH Triangle Pattern Almost Completed! Where Will Price Breakout To?

Warning: ETH Triangle Pattern Almost Completed! Where Will Price Breakout To?

Alt coin
October 8, 2022 by keithhill530
186
[ad_1] ETH Triangle Pattern Almost Completed! Where Will Price Breakout To? Watch these key levels in the 15 minutes timeframe For the past few days now, we have been tracking the Triangle Pattern forming in the 15 minutes timeframe. This key pattern helped us understand exactly how the Ethereum price was consolidating and what the
eth-triangle-pattern-1024x576.png

[ad_1]

ETH Triangle Pattern Almost Completed! Where Will Price Breakout To? Watch these key levels in the 15 minutes timeframe
ETH Triangle Pattern Almost Completed! Where Will Price Breakout To? Watch these key levels in the 15 minutes timeframe

For the past few days now, we have been tracking the Triangle Pattern forming in the 15 minutes timeframe. This key pattern helped us understand exactly how the Ethereum price was consolidating and what the Altcoin must do to come out of this consolidation pattern.

Well, we believe Ethereum is getting ready to make a big move soon! However, the direction this move will take is still not yet known!

Because the pattern we want to break out from is a triangle pattern, there is a 50/50% chance that the Ethereum price might break out either to the upside or downside.

Ethereum Is Getting Ready To Explode. Get Ready! Watch this key pattern currently playing out in the 15 minutes timeframe

In this Ethereum analysis, we will be talking about both these price scenarios and the key levels we are currently watching.

To trade ETH with leverage, sign-up to Bybit right now! Bybit’s BIGGEST Bonus Campaign is now live! You can get up to a $4,450 Bonus and up to 30 days of 0% Maker fee when you sign-up and fund your Bybit account with our Bybit link

Claim up to $4450 in Bonus

Ethereum Bullish Price Scenario

ETH Triangle Pattern Almost Completed! Where Will Price Breakout To? Watch these key levels in the 15 minutes timeframe
ETH Triangle Pattern Almost Completed! Where Will Price Breakout To? Watch these key levels in the 15 minutes timeframe

For the bullish price scenario, the key level we want to see the Altcoin price break above is the $1,399 key resistance region in the 15 minutes timeframe.

A bullish break above this key level pushes the Altcoin above the consolidation phase of the Triangle pattern and indicates a potential surge to the upside in the coming days.

So in the coming days, we will be keeping a close eye on this resistance zone to see if the bulls can push prices above it.

Ethereum Bearish Price Scenario

For the Ethereum bearish price scenario, we want to see Ethereum sell-off below the $1,260 key support in the 15 minutes timeframe.

We have seen this support hold the prices up over and over again in the past. If Ethereum breaks through it now, it only signifies more bearish volume coming into the market.

So the bears need to push the ETH price below this $1,260 before we can say the triangle breakout will be to the downside.

ETH Triangle Pattern Almost Completed! Where Will Price Breakout To? Watch these key levels in the 15 minutes timeframe
ETH Triangle Pattern Almost Completed! Where Will Price Breakout To? Watch these key levels in the 15 minutes timeframe

Claim up to $4450 in Bonus

Easy Steps From Beginner To Pro Crypto Trader

You can speed up your learning journey by reading our How To Trade Bitcoin Guide. This guide is the best for crypto traders who wants to get familiar with the basics of Bitcoin trading. You can also check out our top list of Best Bitcoin Exchanges To Trade With.

PrimeXBT Covesting: Trade Hassel Free

Sign-up on PrimeXBT today to trade Bitcoin hassle-free. You can copy experienced traders and access hundreds of different strategies on the platform! Don’t forget to claim your 25% bonus by using the promo code “bitcoinsensus50” when you sign-up with our link  PrimeXBT Covesting

Recommended Bitcoin Trading Platforms:

★★★★★

★★★★★

Rating: 94%

Claim up to $4450 in Bonus

★★★★★

★★★★★

Rating: 89%

Claim up to $4100 in Bonus

★★★★★

★★★★★

Rating: 91%

Claim up to $7000 in Bonus



[ad_2]

Source link

Add a comment

You have not selected any currencies to display