$ETH
#ETH is preparing 'W 'pattern or 'Double Bottom[
Exactly mentioned in the title $eth is preparing 'W' pattern or 'Double Bottom' pattern.
Here I have 4h chart as per my strategy analysis , Now lets talk about this pattern .
This is prediction and I am predicting this chart best of my knowledge, but one thing remember that this pattern is neither complete (break out) nor confirm , Without break out and confirmation don't Long here . If price don't moves in the direction of chart and price moves downside that mean pattern is invalid .
The "W" pattern is bullish, signaling a potential reversal from a downtrend to an uptrend. Also called a double bottom, it indicates that sellers have lost momentum and buyers are starting to take control, which may lead to a price increase once the pattern breaks above a resistance level