ETH/USDT
ETHUSDT.P
ETH is up 16.94% since our previous call. Currently, it has formed an inverted cup and handle pattern, which is a strong bearish setup.
If the price breaks below the white line (neckline), the pattern confirms and presents a short opportunity.
On confirmation, we expect a retest of the blue lines below, with a potential maximum target at the yellow line.
However, if the price breaks above the red line, the pattern becomes invalid.
Stay patient, avoid FOMO, and wait for clear confirmation/rejection before taking any position.
ETHUSDT.P ETH is up 16.94% since our previous call. Currently, it has formed an inverted cup and handle pattern, which is a strong bearish setup.
If the price breaks below the white line (neckline), the pattern confirms and presents a short opportunity.
On confirmation, we expect a retest of the blue lines below, with a potential maximum target at the yellow line.
However, if the price breaks above the red line, the pattern becomes invalid.
Stay patient, avoid FOMO, and wait for clear confirmation/rejection before taking any position.
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.
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.