There seems to be a symmetrical triangle forming on on the ETHUSDT pair on the 1D Chart.
Potential Long Setup:
Entry: ~3500 (Wait for 1D Candle to close above the triangle and with good volume for confirmation)
Target Price (TP) 1: ~3850 ( Around the previous lower high's and below the previous resistance before the price drop)
Target Price (TP) 2: ~4000...
Observations:
Double Top Formation: A bearish reversal pattern, indicating potential for price to move downward.
Resistance Level: Around $0.015047, marked in red.
Support Level: Around $0.014675, marked in green.
Downward Momentum: Price broke below the neckline (support level) of the double top.
Volume Confirmation: Increasing sell volume...
