Ethereum Triangle Pattern Playing Out Exactly! What Next?

8:44 am, Sun, 31 July 22

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Ethereum Building Momentum For A Massive Move Soon! Watch This Key Pattern playing out in the 15 minutes timeframe
Ethereum price prediction from a previous analysis Ethereum Building Momentum For A Massive Move Soon! Watch This Key Pattern

In our previous Ethereum analysis Ethereum Building Momentum For A Massive Move Soon! Watch This Key Pattern, we talked about the Triangle Pattern currently forming in the 15 minutes timeframe and what it means for the ETH price in the coming days.

Well, that pattern is still playing out exactly as we predicted! And last night, we saw Ethereum continue to range within this key pattern as the price sold off back down to the base support of the Triangle.

This base support has served as a key ETH support on numerous occasions in the past. And right now, with Ethereum testing it, there is a very high probability that we might see a small bounce in prices soon!

Ethereum Triangle Pattern Playing Out Exactly! What Next? Watch this key support in the 15 minutes timeframe
Ethereum Triangle Pattern Playing Out Exactly! What Next? Watch this key support in the 15 minutes timeframe

In this Ethereum analysis, we will be breaking down the key levels we are currently watching as well as the possible price scenarios to keep an eye on in the coming days.

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Ethereum Bullish Prediction!

Ethereum Triangle Pattern Playing Out Exactly! What Next? Watch this key support in the 15 minutes timeframe
Ethereum Triangle Pattern Playing Out Exactly! What Next? Watch this key support in the 15 minutes timeframe

The most important key support we are currently watching is the base support of that 15 minutes triangle pattern. If this key support holds, there is a very high probability for us to see buyers push the ETH price back up to the top of the Triangle Pattern in the coming days.

But for this bullish prediction to remain valid, the base support must continue to hold in the 15 minutes timeframe.

Is This The Massive Move We Talked About In Our Previous Analysis

No, this move is still price movement within the Triangle Pattern. The Massive move we are expecting for Ethereum will only occur once the Triangle Pattern is completed and Ethereum breaks out of it and starts to trend.

For Now, that is yet to happen so we take advantage of the small changes in the price within the Triangle Pattern.

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