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#usefulmaterial Rectangle The "Rectangle" pattern continues the trend, regardless of its direction. This pattern is considered to be over only when the price has broken one of the lines, while maintaining the original price movement.Trading a rectangle is not very complicated: you need to wait for the breakthrough of its side and enter the transaction on the retest of the mirror level. Constituent elements of the "Rectangle" pattern:1. Rectangle is a trend continuation figure, a previous trend is needed. Ideally, the previous trend should be long-term;
2. At least 4 touch points to support and resistance lines are necessary for the formation of the figure. At least 2 touch points should be on each of the horizontal lines of the rectangle. Naturally, these local minima and maxima may not be on a perfect-horizontal line, but they should be approximately in the same zone;
3. Volume does not play an important role in a rectangle, but nevertheless, volume information can provide additional important data to the analyst. If the volume increases sharply during the formation of a pattern, it is necessary to observe during which movement it increased: ascending or descending.

Fidelity filed an updated application for a spot ETH - ETF yesterday 📈What it means. That if the application is accepted, the growth of ether and projects based on it will be instantaneous at 5-10% net movement There is a very high chance of seeing an ether above $4,300 and many other updates as early as this summer. I want to wish everyone a good evening, the market is standing still. See you all tomorrow! 🙌Trade on BingX. 🔀