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$ETH Inverse Head and Shoulders Pattern
The Inverse Head and Shoulders is a reversal pattern that typically forms after a downtrend. It consists of three troughs: two shoulders (left and right) at similar levels and a deeper head in the middle, with a neckline connecting the highs between them. Here’s a detailed breakdown:
1. Left Shoulder:
- Formed around late 2024 to early 2025, this is the first trough where the price dipped but then recovered.
- The low is approximately around 1,500–2,000 USD, followed by a rise to the neckline.
2. Head:
- The lowest point of the pattern, occurring around February to March 2025, where the price dropped to its deepest level (likely near 1,000–1,500 USD).
- This reflects the strongest selling pressure before a reversal begins.
3. Right Shoulder:
- Formed in mid-2025 (around May to June), this trough mirrors the left shoulder, with a similar low (around 2,000–2,500 USD) before recovering toward the neckline.
- The symmetry between the shoulders suggests a stabilization of selling pressure.
4. Neckline:
- The horizontal resistance line connecting the highs between the left shoulder, head, and right shoulder, approximately around 3,000–3,200 USD.
- A breakout above this neckline is the key signal for a bullish reversal.
Target Calculation
- The price target for #Etherium an Inverse Head and Shoulders pattern is typically calculated by measuring the vertical distance from the head’s low to the neckline and projecting that distance upward from the breakout point.
- In this case, the distance from the head (around 1,000–1,500 USD) to the neckline (around 3,000 USD) is approximately 1,500–2,000 USD.
- Adding this to the breakout level (around 3,200 USD) yields a possible target of 4,700–5,200 USD, which aligns with the "Possible Target" marked on the chart (around 5,000 USD or higher).
- The chart suggests this target as a potential upside if the breakout is confirmed.
The Inverse Head and Shoulders is a reversal pattern that typically forms after a downtrend. It consists of three troughs: two shoulders (left and right) at similar levels and a deeper head in the middle, with a neckline connecting the highs between them. Here’s a detailed breakdown:
1. Left Shoulder:
- Formed around late 2024 to early 2025, this is the first trough where the price dipped but then recovered.
- The low is approximately around 1,500–2,000 USD, followed by a rise to the neckline.
2. Head:
- The lowest point of the pattern, occurring around February to March 2025, where the price dropped to its deepest level (likely near 1,000–1,500 USD).
- This reflects the strongest selling pressure before a reversal begins.
3. Right Shoulder:
- Formed in mid-2025 (around May to June), this trough mirrors the left shoulder, with a similar low (around 2,000–2,500 USD) before recovering toward the neckline.
- The symmetry between the shoulders suggests a stabilization of selling pressure.
4. Neckline:
- The horizontal resistance line connecting the highs between the left shoulder, head, and right shoulder, approximately around 3,000–3,200 USD.
- A breakout above this neckline is the key signal for a bullish reversal.
Target Calculation
- The price target for #Etherium an Inverse Head and Shoulders pattern is typically calculated by measuring the vertical distance from the head’s low to the neckline and projecting that distance upward from the breakout point.
- In this case, the distance from the head (around 1,000–1,500 USD) to the neckline (around 3,000 USD) is approximately 1,500–2,000 USD.
- Adding this to the breakout level (around 3,200 USD) yields a possible target of 4,700–5,200 USD, which aligns with the "Possible Target" marked on the chart (around 5,000 USD or higher).
- The chart suggests this target as a potential upside if the breakout is confirmed.
End
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$BTC Vibes: Fear & Disbelief
Weeks from now, many will pretend it was obvious that the bear market was never here.
Like always, they’ll buy higher, then panic at the next dip. 🔄
Weeks from now, many will pretend it was obvious that the bear market was never here.
Like always, they’ll buy higher, then panic at the next dip. 🔄
$BTC #DOMINACE Massive Cup and Handle forming here.
Crypto will reach 10 trillion market cap this year!
#AltcoinPiooners
Crypto will reach 10 trillion market cap this year!
#AltcoinPiooners
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