Bullish Symmetrical Triangle Breakout for ETH (ETHUSDT)
Updated
ETHUSDT just broke out from a symmetrical triangle to the upside, almost completing the continuation pattern. Although it's not required, I expect a brief return to apex (shown in pink), before continuing the climb to the target region (shown in green).
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So far, the breakout has behaved as mentioned in the original post. We had a breakout on the upside to ~1400, and a retest of the breakout trendline (top leg of triangle) at the apex. We also have a resumed uptrend. Target should now be in the green area of the plot as originally indicated. It is possible it may take a little longer to reach the green area (perhaps to the right of the green area shown), but if that's the case, there is potentially more upside to the upper trendline drawn.
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