ETH/USDT BULLISH PATTERN! READY TO GO UPSIDE!!

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Welcome to this ETH/USDT Update.

ETH/USDT is forming a bullish Adam & Eve double bottom pattern, suggesting a potential trend reversal towards higher prices.

Analysis:

Adam's Cup: We see a clear downward movement followed by a rounded bottom reversal, forming the left cup of the Adam & Eve pattern.

Eve's Cup: The price is completed with a similar rounded bottom, potentially forming the right cup (Eve's cup) of the pattern.

Neckline: A trendline can be drawn connecting the lows of both cups, forming the neckline. A breakout above this neckline is already done and it is a bullish signal.

Indicators:

Moving Average: The price is also breaking above the 100D moving average.

Target:

The measured move target for the Adam & Eve pattern would be the height of the first cup (Adam's cup) added to the breakout point above the neckline.

Stop Loss:

A stop loss can be placed below the neckline for risk management.

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