Pattern & Technical Setup
Ethereum (ETH/USDT) is showing a textbook symmetrical triangle pattern on the monthly chart. The pattern has been developing since the 2021 high, with lower highs converging with higher lows.
The current candle has broken out above the triangle’s upper trendline, suggesting a potential bullish continuation. This breakout is significant given the long consolidation period and strong volume profile near the breakout zone.
Trade Plan
• Entry: Around $4000 on confirmed monthly close above triangle.
• Stop Loss: Below $3,500 (safe side under breakout + previous support).
• Profit Targets:
$4,800 (measured move target based on triangle height)
⸻
Risk & Reward
• Risk: ~17% downside (stop at $2,950)
• Reward: ~253% upside to $4,800
• R/R Ratio: ~14:1 (favorable for swing trade)
Ethereum (ETH/USDT) is showing a textbook symmetrical triangle pattern on the monthly chart. The pattern has been developing since the 2021 high, with lower highs converging with higher lows.
The current candle has broken out above the triangle’s upper trendline, suggesting a potential bullish continuation. This breakout is significant given the long consolidation period and strong volume profile near the breakout zone.
Trade Plan
• Entry: Around $4000 on confirmed monthly close above triangle.
• Stop Loss: Below $3,500 (safe side under breakout + previous support).
• Profit Targets:
$4,800 (measured move target based on triangle height)
⸻
Risk & Reward
• Risk: ~17% downside (stop at $2,950)
• Reward: ~253% upside to $4,800
• R/R Ratio: ~14:1 (favorable for swing trade)
YouTube goo.gl/BkRuQL
Twitter twitter.com/vilasignal
Twitter twitter.com/vilasignal
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
YouTube goo.gl/BkRuQL
Twitter twitter.com/vilasignal
Twitter twitter.com/vilasignal
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.