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**Boosts help SEOVEREIGN analyze more assets.
**Our team regularly publishes analysis reports on the cryptocurrency market.
Asset Overview – Ethereum (ETH)
🎯 Target 1: 1,820
🎯 Target 2: 1,787
Ethereum has currently confirmed the 1.13 Bat Pattern,
indicating a potential short-term downside move.
This may offer an opportunity to consider a short position for futures traders.
Of course, from a long-term perspective, we continue to expect upward momentum for Ethereum.
However, a short-term technical correction is possible, so please take this into account in your trading decisions.
This also serves as a good example for those interested in trading strategies based on harmonic patterns.
**Boosts help SEOVEREIGN analyze more assets.
**Our team regularly publishes analysis reports on the cryptocurrency market.
Asset Overview – Ethereum (ETH)
🎯 Target 1: 1,820
🎯 Target 2: 1,787
Ethereum has currently confirmed the 1.13 Bat Pattern,
indicating a potential short-term downside move.
This may offer an opportunity to consider a short position for futures traders.
Of course, from a long-term perspective, we continue to expect upward momentum for Ethereum.
However, a short-term technical correction is possible, so please take this into account in your trading decisions.
This also serves as a good example for those interested in trading strategies based on harmonic patterns.
Note
1tp hit
Trade active
We’ll start our count from the inflection point that formed around 1.730 USDT.
In Wave 4, Wave C matches Wave A in a 1:1 ratio,
and Wave 3 is about 1.618 times the length of Wave 1, as confirmed by Fibonacci extension.
However, there's no clean Fibonacci extension level that clearly marks the end of Wave 5.
So let’s take a look at harmonic patterns instead.
Looking at the harmonics, we can spot a confirmed ALT BAT pattern like this.
For reference, the ALT BAT pattern has the B point retracing to 0.382,
and the D point hitting the 1.13 extension.
Our team entered the first short position at this point.
However, there was one more upward wave,
pushing the price up to around 1.873 USDT.
We interpreted that additional wave as Wave B.
Here’s how the count can be adjusted based on that.
Also, if you check the RSI indicator, you’ll notice a bearish divergence forming.
That’s when we entered our second short position.
As it turned out, the market dropped significantly, and we were able to lock in solid profits.
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🔴악플과 악의적인 댓글 작성 시 예외 없이 형사고소하며, 악플에 대해 절대 관용을 두지 않겠습니다.
🔗seovereign.vercel.app/
💬텔레그램 공지방
🔗t.me/seovereign_updates
트레이딩뷰에는 한정적으로 아이디어를 게시합니다.
모든 관점은 토론방에서만 보실 수 있습니다❗
공지방 입장 후 토론방 신청해주세요.
🔴악플과 악의적인 댓글 작성 시 예외 없이 형사고소하며, 악플에 대해 절대 관용을 두지 않겠습니다.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🌐서버린 공식 pc웹
🔗seovereign.vercel.app/
💬텔레그램 공지방
🔗t.me/seovereign_updates
트레이딩뷰에는 한정적으로 아이디어를 게시합니다.
모든 관점은 토론방에서만 보실 수 있습니다❗
공지방 입장 후 토론방 신청해주세요.
🔴악플과 악의적인 댓글 작성 시 예외 없이 형사고소하며, 악플에 대해 절대 관용을 두지 않겠습니다.
🔗seovereign.vercel.app/
💬텔레그램 공지방
🔗t.me/seovereign_updates
트레이딩뷰에는 한정적으로 아이디어를 게시합니다.
모든 관점은 토론방에서만 보실 수 있습니다❗
공지방 입장 후 토론방 신청해주세요.
🔴악플과 악의적인 댓글 작성 시 예외 없이 형사고소하며, 악플에 대해 절대 관용을 두지 않겠습니다.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.