ETHUSDT.P On 1H TF, the price is forming inverted head and shoulders pattern, which is a strong bullish pattern.
The price has retested the trendline support and bounced back.
Expecting it to breakout above yellow line soon.
A breakout above the yellow line will be a bullish and pattern confirmation.
We can initiate a long entry from here.
Please do proper risk management and must use stop loss.
NFA, DYOR
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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.