Ethereum/TetherLong
ETH Triangle Structure !
There has been a price forming a triangle on the chart for a long time.
The downtrend channel forming the top of the triangle indicates the most critical region for a price breakout. For now, it seems like there is still time to reach that point. It may be a bit early to think that a rise will happen soon before this downtrend channel is broken.
At the same time, the support channel forming the lower part of the triangle appears to be a healthy zone for accumulation. In other words, for long-term investors, as long as this green box is not broken downwards, it seems like a buying zone.
However, we can't know how close the movement can get to the end of the triangle or how long it will take to break it. It just seems to need a little more time.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.