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TheNewsCrypto
Dec 18, 2022 9:52 AM

Ethereum "Broadening Top" Pattern Long

Ethereum / TetherUSBinance

Description

Ethereum "Broadening Top" Pattern


Hourly (4H)Time Frame Analysis

A bullish reversal pattern is a broadening bottom. Two divergent lines that are horizontally symmetric form the pattern. As a result, it is a reverse symmetrical triangle. As a result, the oscillations between the two triangle terminals are becoming increasingly large.

Currently, Ethereum is in the range of $1175. If the pattern continues, the price of Ethereum might reach the resistance levels of $1350 .If the trend reverses, then the price of Ethereum may fall to $1150.

Entry Point Above 1215

Target 1350

Stop Loss 1150

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