#eth 
ETH
"W" pattern, or we say double bottom pattern, is a bullish reversal pattern in trading, After a downtrend indicating potential price increases.
The W pattern is formed when a price chart shows two similar lows (two bottoms) after a downtrend, resembling the letter "W".
✅ Is " W " pattern Bullish ?
It signals that sellers are losing momentum and buyers are gaining strength, suggesting a potential shift from a downtrend to an uptrend.
ETH "W" pattern, or we say double bottom pattern, is a bullish reversal pattern in trading, After a downtrend indicating potential price increases.
The W pattern is formed when a price chart shows two similar lows (two bottoms) after a downtrend, resembling the letter "W".
✅ Is " W " pattern Bullish ?
It signals that sellers are losing momentum and buyers are gaining strength, suggesting a potential shift from a downtrend to an uptrend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.