$ZEC is developing a potential M pattern/double top, so here’s how I measure the downside target. No guarantees this plays out, simply a possibility as always! First, identify the neckline. That is the swing low created between the two highs of the M. Next, measure the vertical distance from the highs down to that neckline. Because the two highs on this chart aren’t identical, I used the average approach, measuring from roughly the midpoint between the two peak prices down to the neckline. Then, if price breaks and confirms below the neckline, project that same distance downward from the neckline. That gives you the estimated measured-move target. Important: No neckline break = no confirmed double top. The pattern gives us the setup. The neckline gives us the confirmation.
After a strong 37% rally, ETH hit $2,564 and is now consolidating. This sideways move has formed a classic "bull flag" pattern - often a bullish signal. Analysts suggest the flag pole height projects a target near $3,050, a level last seen in January. With total crypto market cap jumping 17.6% to $2.70T in September and ETF inflows strong, momentum is building. But Fed's hawkish stance could bring volatility. Are you buying the flag breakout or waiting for a dip? #ETH #Ethereum #CryptoNews #BinanceSquare #BullFlag #Altcoins #CryptoMarket #ETH3050