Technical analysis by Expate about Symbol ETH on 4/10/2025

🕰️ Timeframe: 4H 📈 Pattern: Inverse Head & Shoulders (Bullish Reversal Setup) 📍 Current Price: $1,518 📏 Neckline: ~$1,589 (marked in blue) 🧠 Pattern Structure: Left Shoulder: ~$1,475 Head: ~$1,420 Right Shoulder: ~$1,470 Neckline: ~$1,589 Measured Target: Neckline to bottom = ~$1,589 - $1,420 = $169 → Breakout Target = $1,589 + 169 = $1,758** — aligns [perfectly] with Fib 0.65 ($1,762)** 🧩 Confluence Factors: 🔹 Fibonacci 0.65 @ $1762 = Target zone of the pattern 🔹 Fibonacci 0.618 @ $1915 = Secondary resistance zone 🔹 Clean neckline retest idea → breakout & retest of $1589 = ideal entry trigger 🔹 RSI divergence (if any) & volume confirmation on breakout = final confidence boost ✅ Strategy Plan: Entry Idea: Break & retest of $1589 Take-Profit: $1758–1766 Stop-Loss: Below right shoulder ($1465–1470 zone) Risk/Reward: ~2.5R depending on entry accuracy Probability: 65/35 bullish continuation if neckline breaks with strong volumeHalfway there50% closing right now, SL moved to break even.