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Technical analysis by Timpariyet about Symbol ETH on 7/13/2025

https://sahmeto.com/message/3632237
Timpariyet
Timpariyet
Rank: 18424
،Technical،Timpariyet

As you know, ETH managed to remain above all averages in all time periods. This is of course a very positive situation. In addition, as you can see on the graph on the day -based candle graph, a very regular megaphone was formed. Why is it very regular; - Alt and contacts to the top line are completely compatible with both dotting and bottom hill swing structure. - The volume must fall during the megaphone, it falls here too - Megaphone midline (cut line) coincides with the most traded level of VWAP applied during the megaphone, as well as the most traded level Megaphone Formation is a formation that can work as a continuation formation and a return formation. In this sense, there are three scenarios, two of which are Bulish, one Bearish: 1- Directly fracture of the upper line and going to the target after retest. The target is around 3900 2- In general, the megaphones are in the tendency to go to the middle line after the third contact to the upper line. In other words, it can continue up to the middle line (2500-2600) band and test the request zone. The target is around 4000 3- If the price goes down to the middle line and breaks down the day, the formation breaks down. In this case, it is quite Bearish because it will fall below the average again and its target goes down to the 750-850 band. The current technical look and scenarios are 70 %likely to break up this formation. In the first scenario, without seeing up, confirming the upward response from the middle line in the second, at least two red waxes under the middle line should not be processed in the third place. YTD

Translated from: Turkish
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Signal Type: Neutral
Time Frame:
1 day
Price at Publish Time:
$2,953.69
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