Hi guys,
A short analysis on the short-term on the hour chart for ETHUSD. H&S failed on the right should, the pattern is not valid.
As you can see, we are testing the 2nd Fibonacci up support level [$674], if we break that support with a great green candle, the Adam&Eve double bottom will be confirmed and the potential bullish move could reach $690 again, that is to say tomorrow.
Take a look at my previous analysis, in which I put in evidence some key insights like ABCDE Elliot wave and potential supports on the 4-hour chart.
A short analysis on the short-term on the hour chart for ETHUSD. H&S failed on the right should, the pattern is not valid.
As you can see, we are testing the 2nd Fibonacci up support level [$674], if we break that support with a great green candle, the Adam&Eve double bottom will be confirmed and the potential bullish move could reach $690 again, that is to say tomorrow.
Take a look at my previous analysis, in which I put in evidence some key insights like ABCDE Elliot wave and potential supports on the 4-hour chart.
Note
We have not broken the uptrend support yet, but the A&E double bottom confirmed, we should recover $690 soon.
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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.
Related publications
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.