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Ethereum
Long
Updated

Inverse H&S - ETH/USD

754
Pair: Ethereum/US Dollar
Exchange: Bitfinex
Pattern: Inverse H&S
Time Deadlines:
  • 5/18 SELL POINT
  • 5/27 BUY POINT
  • 6/07 SELL POINT

Heavy resistance in the 1000 USD zone
Expected accumulation zone: 800-875 USD
Note
Update:
ETH price dropped a bit during the night in view of the SEC meeting, having place tomorrow.
New BUY POINT in the 770-775$ zone, TARGET: 830$.
Note
Update:
ETHUSD is losing now 10% from yesterday's price and today the pair is characterized by high volume and high volatility.
However, the Inverse H&S pattern is still valid since the price bounced on the upward trendline.
I suggest opening a new SHORT position only in the case of valid breakout of the dynamic trendline, under 700$ (Daily).
Note
Update:
Just a normal correction - ETHUSD
Note
Update:
Inverse H&S Update - ETH/USD
RiccardoGoldoni
ETHUSDHead and Shoulders

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.
ETHUSDHead and Shoulders
RiccardoGoldoni

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.