ETH is showing weakness, H&S in the making, target 825
ETH is showing an identical picture as Bitcoin, slightly weaker though, It has dropped out clearly of it's bearish flag (rising wedge). A drop to that green line is almost a certainty. It it drops below the $900 than it triggers a H&S wich has a target around the 825
Note
Textbook pullback to the neckline again around 900,Note
I have closed half at 840Note
Target reached and even went further, i still have the remaing short position. I am using the green area as a stop now. Because if Bitcoin drops towards the 8500, ETH could drop to 700 and maybe even the 600 again
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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.