Hello traders, today we have ETH/USD on the 4h chart with a potential bullish bat pattern, it's currently completing the C to D leg and closing in on the PRZ (Potential Reversal Zone).
This is very similar to my previous analysis with Bitcoin, you can find this here.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
The D point aligns with the daily support trendline which provides an excellent area to buy low around $165.
More crypto analysis on the way :)
I'll be looking for additional confirmation before taking the trade.
Click here to view my original post on TradingView.
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