This is the 1-hour chart of ETH
We can see it is in an ascending channel. But it is obvious that it has reached a converging triangle ▶️. The direction is about to break out. As prudent traders, we should not stand under a dangerous wall.
Wait until this structure breaks out before making a trade. When it's time to short, short; when it's time to go long, go long.
There are many opportunities, so don't rush to trade yet. There are many other trading targets, for example: $XAU. Let Ethereum cool off for now.
Before the big market move arrives, it will definitely be a pin bar pattern. So don't trade yet; waiting does not lose money.
$ETH
