Technical analysis by Mozart-BTC about Symbol ETH: Buy recommendation (1/16/2024)

T=3344In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles.