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parissap
Aug 5, 2022 5:21 AM

ETH inverted head and shoulders Long

BINANCE:ETHUSDT.P240
Ethereum / TetherUS PERPETUAL CONTRACTBinance

Description

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#ETH/USDT
#update

ETH in a short time frame shaped an inverted head and shoulders pattern and broke out from the neckline.

🐮 after a pullback to the broken neckline, we can expect price increase toward the resistance zone between $1740 and $1780.

🐻as we are in a boring sideways move, so price may reject from ascending resistance zone and drop to the support zone.

Trade closed: target reached

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Support and ResistanceChart PatternsHead and ShouldersETHEthereum (Cryptocurrency)ETHUSDTethereumanalysisInverse Head and Shouldershead_and_shoulderchartpatterntrading
Comments
SwallowPremium
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Seems like it´s going the way you expected, great work!
parissap
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@SwallowPremium, yes thank you
Solldy
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Quite an unusual proposition for the current state of affairs. In general, it is possible if all arguments work out, so I will support this idea!
parissap
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@Solldy, thanks your support means a lot to me
Lingrid
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you right!)
thank you
parissap
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@Lingrid, thanks for your feedback
Michael_Winner
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reliable Eth/Usd technical overview, thank you
parissap
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@Michael_Winner, thanks a lot appreciate it
P_S_trade
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Nice trade pattern
parissap
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@P_S_trade, thank you
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