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Technical analysis by TradingNomadic about Symbol ETH: Buy recommendation (4/27/2025)

https://sahmeto.com/message/3455301
TradingNomadic
TradingNomadic
Rank: 12187
1.5
Buy،Technical،TradingNomadic

Now this isnt meant to be a prediction of any kind, rather a supporting chart to the BTC pair i posted already. This is typically how these bottoms would unfold in the case of a broadening bottom, or inverted head and shoulders. Looking for support above 1754, to reclaim this range, however it doesnt have to come back that far, and i wouldnt want to see it fall back into that deviation zone under1685.The idea being, the breakdown lower got rejected, and traders are looking for confirmation of support, back inside of the range. If thats achieved, we're going to look for the range high, and the partial decline typically, which is your last sign of strength before the mark up phase. None of this HAS to happen, just merely larping what ive seen in previous bottoms, including BTCs bear. If we see a change in character here, or a partial rise, with the inability to retest the range high / neckline, then of course, i will restrategize.

Translated from: English
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Signal Type: Buy
Time Frame:
12 ساعت
Profit Target:
$1,906.56
Stop Loss Price
$1,685
Price at Publish Time:
$1,797.83
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