Lingrid | ETHUSDT possible LONG opportunity from SUPPORT zone

16 oct

The price perfectly fulfilled my previous idea. It hit the target level. The market has formed a double bottom and broke and closed above that pattern. Additionally, it also broke and closed above the previous resistance level at 2650, which had been respected before. Overall, this indicates that the market is making higher lows, reflecting increased buying pressure. I believe that the price may continue to move higher, IF it bounces off the support zone below by rejecting it and forming rejection candles. This would suggest strong buying interest and could further confirm an upward trend. My goal is resistance zone around 2750.

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