#CryptoCharts101
ETH forms a symmetrical triangle on the daily time frame. This pattern indicates price compression: where the peaks are lowering and the troughs are rising, which is a signal of an impending explosive movement.
🔍 What to watch for?
If the price breaks the upper line with trading volume, a bullish rise is likely to occur.
If it breaks, a decline is likely to happen.
The key: Wait for confirmation with trading volume.
📉 Personal advice: When I notice this type of pressure, I identify the key levels and wait for the breakout while setting a proper stop loss. I never trade within this pattern without a clear signal.