Long

Updated

[ETHUSD] Potential H&S pattern forming on lower time frames

Head and shoulders pattern forming on lower times frames for ETHUSD + descending volume.

If the pattern plays out it takes us right above ATH and if enough FOMO a lot further.

Note

Stop hunting or pattern invalidation, 5% stop still holds.

Note

The shoulder may have been displaced, volume pattern still confirming it:

snapshot

Note

Ready to take off:

snapshot

Note

I think accumulation and final stop hunting is done:

snapshot

Note

This H&S pattern is for textbooks (considering it plays out as expected):

snapshot

Also on:

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.

Also on:

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.