ETHUSD Forecast: Price is rejecting the bullish signal
Hey traders, I hope y'all having a profitable week!
The price is currently bearish running in the previous head and shoulder patterns 2nd level. Before it got to where its at, it bearish broke and didn't retest the Mini Daily Half a Bat Neckline, 1st Monthly Key Lvl, and 50 MA. That give us our bullish target. But we also have a bearish target which is the head and shoulders 3rd level. So if the price forms a bullish reversal pattern that leads it to bullish break and retest the Mini Daily Half a Bat Neckline and 8 MA (entering the vertical blue range), it will give us our bullish signal. Conversely, if the price bearish breaks and retests the Daily Neckline and 3rd Daily Key Lvl, that will be our bearish signal.
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know your thoughts!
Stay Blessed,
Sphatrades.
The price is currently bearish running in the previous head and shoulder patterns 2nd level. Before it got to where its at, it bearish broke and didn't retest the Mini Daily Half a Bat Neckline, 1st Monthly Key Lvl, and 50 MA. That give us our bullish target. But we also have a bearish target which is the head and shoulders 3rd level. So if the price forms a bullish reversal pattern that leads it to bullish break and retest the Mini Daily Half a Bat Neckline and 8 MA (entering the vertical blue range), it will give us our bullish signal. Conversely, if the price bearish breaks and retests the Daily Neckline and 3rd Daily Key Lvl, that will be our bearish signal.
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know your thoughts!
Stay Blessed,
Sphatrades.
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