Highlighting a bullish breakout on the ETH/USD pair.
The 2,303.55 level (marked by the red horizontal line) acted as a resistance, and price has broken above it with strong momentum.
The pattern appears to resemble an inverse head and shoulders or rounded bottom, suggesting a bullish reversal.
The projected move, shown with the arrows, targets the $2,900–$3,100 range.
Stop Loss is below 2140.
If this breakout sustains, buying from a retest of the 2,303 zone (support now) aligns well with classic breakout-retest trading strategy.
The 2,303.55 level (marked by the red horizontal line) acted as a resistance, and price has broken above it with strong momentum.
The pattern appears to resemble an inverse head and shoulders or rounded bottom, suggesting a bullish reversal.
The projected move, shown with the arrows, targets the $2,900–$3,100 range.
Stop Loss is below 2140.
If this breakout sustains, buying from a retest of the 2,303 zone (support now) aligns well with classic breakout-retest trading strategy.
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FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
t.me/forexsupppar1
FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
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.
JOIN FREE SIGNALS TELEGRAM
t.me/forexsupppar1
FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
t.me/forexsupppar1
FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
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.