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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
YouTube goo.gl/BkRuQL
Twitter twitter.com/vilasignal
Twitter twitter.com/vilasignal
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.