ETH USDT
With Ethereum’s current weak trend and the expected movement of Bitcoin (either up or down), we can observe a potential “Diamond Pattern” forming. This pattern often signals a significant movement in price, giving us hope for a strong move ahead.
What is a Diamond Pattern?
The Diamond Pattern is a rare but powerful reversal or continuation pattern that forms when price action creates a symmetrical structure resembling a diamond. It often signals market indecision before a strong breakout in either direction. In this case, the breakout direction will depend on key confirmations.
However, despite Ethereum’s weak trend—whether paired with Bitcoin or Tether—a strong move remains a possibility, especially if the market aligns with the breakout signals from the diamond pattern.
I’d love to hear your thoughts on this analysis.
What is a Diamond Pattern?
The Diamond Pattern is a rare but powerful reversal or continuation pattern that forms when price action creates a symmetrical structure resembling a diamond. It often signals market indecision before a strong breakout in either direction. In this case, the breakout direction will depend on key confirmations.
However, despite Ethereum’s weak trend—whether paired with Bitcoin or Tether—a strong move remains a possibility, especially if the market aligns with the breakout signals from the diamond pattern.
I’d love to hear your thoughts on this analysis.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.