It wasn't triangle. Just one of the bull trap.
But how about this ath?
I think this is trap, too.
2021 April~December movement.
Do you remember at that time?
If you do, you won't open a short postion.
Finale makes incredible Alt BullRun, always.
This month is the most important for checking annual trend.
If yes, trend is over.
But, not sure where is the end of triangle.
06/17 or 06/20?
We should check this through analyzing afterward movements.
Low probability that it was not triangle.
If it wasn't, big ending diagonal will be made.
It means there will be more dip but high potential to make new ath(historical top/reversal point).
Let's check trend...
Keep an eye on candle pattern.
Especially, week candle.
( Hint🤫, No lower shadow(wick) usually makes price action. But there is high probability to make one more dip )
Based on 3marketphase.
(contraction-expansion-trend, I learned this concept from dayya trading post)
ETH is at the box range.
(triangle-2024 August to October)
Plus, there is throwing-over with double-top (1week candle scale).
This means ethereum is at the end of contraction phase and it has high potential to trend phase. But I bet there is one more...
