ETH/USD_ CUP AND HANDLE FORMATION ON 4H Chart

This chart displays a classic "Cup and Handle" pattern forming on the Ethereum (ETH/USD) 4-hour timeframe. The pattern suggests a bullish continuation setup following a strong upward trend. The cup is smoothly rounded, indicating consolidation after an uptrend, while the handle shows a brief downward channel before breakout. The price has approached the resistance zone, and a breakout above it could confirm the pattern, signaling bullish momentum. The Ichimoku cloud also supports potential upside movement as the price is breaking through it, adding confluence to the bullish setup.

Entry: 2535
Target Points:
1st Target: 2700
2nd Target: 2800
3rd Target: 2900

Dagangan aktif

Nota

1st Target (2700) Reached

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