Formation of Symmetrical triangle in Ethereum classic

* Ethereum classic in 4H time frame forms a symmetrical triangle pattern near it's resistance.
* Symmetrical triangle pattern occurs when the price is consolidated within two trend-line till it is forced to break the either of the trend-line.
* If the price breaks the below trend-line of the pattern we can see a trend reversal till $56 or if it breaks the upper trend-line it will continues the rally till $61.

Trade geschlossen: Ziel wurde erreicht:

Breakout of upper trend-line first target hit

Kommentar:

Second target hit