This analysis dissects a 4-hour Ethereum chart highlighting key bearish patterns including an inverted cup & handle formation and a double top. The chart reveals a critical support level that, once broken, signals a potential drop toward the $1,960 target. Emphasizing multiple support tests, volume confirmation, and a possible retest of the new resistance, this detailed technical overview serves as a comprehensive guide for traders to gauge market sentiment and manage risk effectively.
NOTE
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
NOTE
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Trade active
Trade closed: target reached
Congratulations Target Reached successfully
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.