Ethereum looks BEARISH
Updated
Hello traders,
Hope you had a good weekend!
As you can see Ethereum has formed a bearish head&shoulders pattern and the targets are set to $260, then $230. Although I its looks very bearish to me in the medium term, however, I will post an idea later on.
If Ethereum breaks $320, then my outlook for it will change from Bearish to Natural.
Appreciate your likes and comments, and please feel free to share your thoughts!
- Abdulla
Hope you had a good weekend!
As you can see Ethereum has formed a bearish head&shoulders pattern and the targets are set to $260, then $230. Although I its looks very bearish to me in the medium term, however, I will post an idea later on.
If Ethereum breaks $320, then my outlook for it will change from Bearish to Natural.
Appreciate your likes and comments, and please feel free to share your thoughts!
- Abdulla
Note
ACTIVE! - Lets wait for a confirmation candle (close below trendline)Note
Down we go!Note
Strong reversal, if ETH breaks $320, then the structure has failed to reach its full target.
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