Possible H & S
Updated
Possible H and S forming
If not already short perhaps take a position on break of neckline?
MACD negative and Moving Average ribbon trending down so I see a test of the neckline as likely
Disclaimer
All trades are your responsibility to manage
This should not be taken as Financial Advice
If not already short perhaps take a position on break of neckline?
MACD negative and Moving Average ribbon trending down so I see a test of the neckline as likely
Disclaimer
All trades are your responsibility to manage
This should not be taken as Financial Advice
Note
Possible rejection of the shoulder-line though the volume does not look quite convincing enough as of now to say we're out of the water yetNote
A 2hr candle close above 306 would have me looking at a pullback to initiate a longNote
Eth failed to break p and despite testing the shoulder line twice, with btc likely correcting in the short-term I feel it is more likely the critical 285 support level will break
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