ETH/USDT: Inverse H$S Formation with Bullish Target
2024-10-05

hello guys.

 
 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.

 Engulfed Area:  A previous price zone has been engulfed by the market, confirming the potential strength of the buyers at this level.

 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.

 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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