#CryptoCharts101 CryptoCharts101
📍ETH forming a symmetrical triangle on the daily timeframe. This pattern indicates price compression: the highs are getting lower and the lows are getting higher, a sign that an explosive move is approaching.
🔍 What to observe?
If the price breaks the upper line with volume, a potential bullish rally.
If it breaks downwards, potential drop.
Key: wait for confirmation with volume.
📉 Personal tip: When I detect this type of compression, I mark key levels and wait for the breakout with a good stop loss. I never trade within the pattern without a clear signal.
💡 Advice for new traders:
Do not trade by intuition. Let the chart speak to you and make sure you have a plan. Technical analysis is your map, not your crystal ball!