ETH Head and Shoulders, get out while you can!
There is a definite H&S on this chart, there is no supportive action. If you take a step back there wasnt even much supportive action during the last pullback, the left shoulder. Now there is really no support Ethereum should break down and the target is highlighted below. We all hope these continue up but we have to be realistic and trade the chart! I have a review of the Ethereum: youtube.com/watch?v=XHbQcXX3sko&lc=z22kstoxty3ex5hkkacdp433qlrhk5cgbqnpzcja5ktw03c010c
There are possible fundamental reasons for this pattern which could likely lead us down, those are in the video as well.
There are possible fundamental reasons for this pattern which could likely lead us down, those are in the video as well.
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.