Looking at $ETH weekly structure — inverse head and shoulders pattern in play. Classic setup.
Here's the read: we're likely seeing a retest phase. Lower support zone sits around $1800 on the weekly timeframe. That's your confirmation level — if it holds, the pattern stays intact.
Measured move from the neckline projects 150%+ upside to test the upper trendline. That's the textbook target if this structure completes.
What to watch: Does $1800 hold as support? That's your validation. Break below invalidates the inverse H&S. Hold and bounce? Then you're looking at a multi-month run toward that upper resistance.
This is how you read structure — identify the pattern, mark your levels, know your invalidation. Trade the confirmation, not the hope.
Here's the read: we're likely seeing a retest phase. Lower support zone sits around $1800 on the weekly timeframe. That's your confirmation level — if it holds, the pattern stays intact.
Measured move from the neckline projects 150%+ upside to test the upper trendline. That's the textbook target if this structure completes.
What to watch: Does $1800 hold as support? That's your validation. Break below invalidates the inverse H&S. Hold and bounce? Then you're looking at a multi-month run toward that upper resistance.
This is how you read structure — identify the pattern, mark your levels, know your invalidation. Trade the confirmation, not the hope.