Lingrid | ETHUSDT double BOTTOM. Long

14. Juni

Despite the overall uptrend on the daily timeframes, the 4H chart shows a more mixed picture, with the market moving sideways. However, a closer look at ETHUSDT price action reveals a more promising development. The price has formed a double bottom pattern, reaching the support level that was tested before. This has created a new range zone that breakout of it may lead to new highs. Given this setup, I expect the price to make an upward move and retest swap zone. My target is the resistance zone at 3700

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻