ETHUSD high potential of falling (head and shoulder is forming)
Why we are looking for short position around here what is the reason?
lets take look at weekly analysis that target reached in next week :
and this is first reason that market around 2600 may receive some correction .
and if price start to face correction around 2550 that is now then we may expect creation of head and shoulder on daily chart(the major head and shoulder that mentioned on chart).
and start of falling form this Area is expected maybe like previous time with local H&S that maybe form around red curve here.
Notice :market is strongly bullish so maybe breakout and new ATH expected too.
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
lets take look at weekly analysis that target reached in next week :
and this is first reason that market around 2600 may receive some correction .
and if price start to face correction around 2550 that is now then we may expect creation of head and shoulder on daily chart(the major head and shoulder that mentioned on chart).
and start of falling form this Area is expected maybe like previous time with local H&S that maybe form around red curve here.
Notice :market is strongly bullish so maybe breakout and new ATH expected too.
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
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