Caught the dip? The recovery could be the start of the next bullish move.
$HEI faced a sharp correction after reaching a new high, but buyers stepped in aggressively and pushed the price back above the key support zone. The strong recovery candle shows that demand is still active, and if bulls reclaim the 0.45–0.46 resistance area, the uptrend could quickly resume. A successful breakout from this level may open the door for the next targets at 0.50, 0.54, and 0.60. As long as price holds above ...
$ETH on the daily timeframe, this pattern has appeared before in the form of a bull flag, and the previous occurrence has resulted in a bullish breakout. What we're seeing now looks like another repetition of that same structure.
If history repeats itself, this breakout could mark the beginning of a stronger upside move and potentially signal the end of $ETH 's short-term bearish trend.
The technical setup is in place, but as always, confirmation comes from price action. Now it's a matter of ...