🔥 The tip of the triangle, the direction is about to be chosen!
ETH has now reached a critical point in its technical pattern. The next move is not to slowly proceed but to directly choose a direction📉📈
🔺 Bullish scenario (rebound route) If ETH's closing price stays firmly above the 50-day moving average, it’s like giving the green light for a rebound🚦 Next, the price is likely to retest the upper resistance line of the symmetrical triangle. Here comes the key👇 Strong breakout of the triangle resistance line Directly signals: the downtrend may be ending Clear target: first look at around $3800💥
🔻 Bearish scenario (downtrend route) If ETH's closing price breaks below the triangle's lower support line, it indicates that the bears have taken full control of the market😈 The downward space will be directly opened:
First target: $2623
If weakness continues, it may further decline to $2377
🎯 Key conclusion in one sentence Break above the triangle = trend reversal signal Break below the support line = start of a new downtrend Don’t guess the direction now, wait for the breakout to follow
ETH has been compressed to the limit, The next step may determine a large segment of future market行情🚀
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#ETH
🔥 The tip of the triangle, the direction is about to be chosen!
ETH has now reached a critical point in its technical pattern. The next move is not to slowly proceed but to directly choose a direction📉📈
🔺 Bullish scenario (rebound route)
If ETH's closing price stays firmly above the 50-day moving average, it’s like giving the green light for a rebound🚦
Next, the price is likely to retest the upper resistance line of the symmetrical triangle.
Here comes the key👇
Strong breakout of the triangle resistance line
Directly signals: the downtrend may be ending
Clear target: first look at around $3800💥
🔻 Bearish scenario (downtrend route)
If ETH's closing price breaks below the triangle's lower support line,
it indicates that the bears have taken full control of the market😈
The downward space will be directly opened:
First target: $2623
If weakness continues, it may further decline to $2377
🎯 Key conclusion in one sentence
Break above the triangle = trend reversal signal
Break below the support line = start of a new downtrend
Don’t guess the direction now, wait for the breakout to follow
ETH has been compressed to the limit,
The next step may determine a large segment of future market行情🚀