Guys, little opportunities we have like this one. Simetric triangle in 1 hr chart. MACD and RSI also in a simetric triangle. Triangle are in most cases a continuation pattern (4th wave or B wave).
Volume is on the red candlestick since 2 days, I think selling pressure seems too strong... Personally I expect a drop to 0.50 in the next few days before going higer. I hope I'm wrong.
keep_it_simple
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@Canardator11, I do not say no. Could be
jdjdhdj
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@keep_it_simple, On the Kraken chart it's very clear that the volume is increasing, usually in a triangle it's declining as we get closer from the apex. That's why I think we are not in triangle. If the uptrend resistance (in pink on your chart) breaks in a very near future, and for me it's likely, I expect something very bad. Be carefull.
Plus 90% of the tradingviews chart bullish, not a good sign as well...
tylenisbobas
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The last time i have seen a symmetrical triangle in eth, it dropped 30%. Without the actual breakout the risk is too high.
keep_it_simple
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@tylenisbobas, I suggest that you properly manage your risk with stop-loss orders properly placed. There is never nothing sure, but high-chances of going up here.