LIVE#ETH Effective Analysis
$ETH I'm observing an effective structure forming a downtrend, followed by a Price Action (BoS), and a clear change in structure( CHoCH).
According to technical analysis (T.A.), Ethereum (ETH) is forming the descending triangle.
I'm expecting the breakout to occur on the upside.
Additionally, there is a strong Overbought (OB) condition near the pattern. OB Which works as Demand Zone for this T.A Pattern.
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"Disclaimer:
This post is for educational purposes only and I am not your financial adviser. It is not financial advice. Please always conduct your own research and analysis before investing in any cryptocurrency or relying on the information provided. The content is based on data available as of [current date], and market conditions may change rapidly. Invest wisely and consider your risk tolerance before making any investment decisions.
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