Hello Traders 🐺
Hope you're all doing well.
Let me be honest with you — when I first looked at this chart, I thought:
“This could be the reversal we've been waiting for over the past two years!” 🔥
So please, take this setup seriously. If you manage it wisely, it could offer a highly profitable opportunity 👀📈
⚙️ What’s happening?
On the chart, we clearly see a bullish divergence on the RSI — and that’s always the first signal worth paying attention to.
These divergences usually indicate that bearish pressure is fading, and it's time for the bulls to take over 🐂
But that's not all…
This potential reversal is forming right above one of the most significant historical support zones on the ETH/BTC chart — a massive confluence.
And as you know:
"The higher the time frame, the more meaningful the level."
🎯 Price Targets:
On the 4H chart, after a clean bear trap, ETH/BTC started to bounce back and is now testing the neckline resistance at 0.01930.
If we see a breakout here, the next price targets are:
Previous local high at 0.02028
And a short-term target around the red resistance box near 0.02137
This setup could mark the beginning of a new Altseason — or at least a strong ETH-led rally.
So act accordingly, manage risk, and as always:
🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺
