Ethereum is forming a W-pattern double bottom pattern with the neckline at 2170. If price breaks and closes above 2170 with strong volume, then I will put in a long scalp trade. As we are testing this neckline right now, this buy signal could come at any minute. Of course, if we dont get the breakout, then this pattern is invalidated. Im waiting for confirmation before opening a position.
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W pattern double bottom invalidated as price broke below the second low/bottom.