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ETH/USD Harmonic Pattern Analysis
This chart highlights a harmonic pattern (potentially a Gartley or Butterfly) with key levels marked for decision-making. The structure shows a bullish potential:
X-A-B-C-D pattern aligns with Fibonacci ratios.
Key Levels:
Entry zone near the C point ($4,100-$4,880).
Stop-loss at $3,000 or below the C level for risk management.
Take-profit targets at Fibonacci extensions, aligning with resistance zones ($4,100-$4,880).
Additional Indicators: The 200 EMA and support levels provide confluence for a bullish setup.
Always confirm with price action and risk management before trading.
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