ETH/USDT: Inverse H$S Formation with Bullish Target

Oct 5

hello guys.

1. Inverse Head and Shoulders: A clear bullish reversal pattern has formed, consisting of a left shoulder, head, and right shoulder, signaling a possible change in trend from bearish to bullish.
   
   
2. Engulfed Area: A previous price zone has been engulfed by the market, confirming the potential strength of the buyers at this level.
   
   
3. Support Zone: The $2,340-$2,350 level serves as the key support, previously tested during the formation of the inverse head and shoulders pattern.
   
   
4. Target Area: Price is currently hovering around $2,420 and could rally towards the identified target zone near $2,480-$2,490, as shown by the marked arrows on the chart.
   

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Oct 7

Trade closed: target reached

#eth #ethusdt
the pointed area touched