$ETH coin
Twitter account: bitbull112
Long
Price:
1) 3000
2) 2800
(Enter on entry price)
This chart shows an inverse head and shoulders pattern, which is a bullish signal. Currently, Ethereum (ETH) appears to be forming the right shoulder, meaning the price is likely to decline toward the support box before potentially moving upward. This aligns with the technical structure of the pattern, where a pullback to support is expected before a breakout.
Additionally, an ascending triangle pattern is also visible, another bullish chart pattern. The confluence of these two patterns confirms a strong bullish outlook for ETH in the longer term. However, in the short term, ETH is expected to move downward to retest support before making a significant upward move. This technical setup highlights the potential for further consolidation before the next bullish breakout.
10x leverage isolated
Sl: 2600$
Target:
1) 3300
2) 3700
3)4000
4)4300
5)5000
6)6000
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