HEAD & SHOULDER PATTERN FORMATION ON ETH 1D TIME FRAME
QUICK ETH UPDATE
On the Daily Chart, ETH is currently not looking at all... A Big H&S Pattern is forming (which is Bearish).
There are 2 scenarios which could play out at no particular time.
The 1700-1800 is still a crucial R Zone for ETH to regain
The next S Zone for ETH is around 1275 if it continues the move to the downside.
The H&S Pattern Measured Drop is around 1000 Zone.
Apply risk management to your trades always because the market uncertain.
On the Daily Chart, ETH is currently not looking at all... A Big H&S Pattern is forming (which is Bearish).
There are 2 scenarios which could play out at no particular time.
The 1700-1800 is still a crucial R Zone for ETH to regain
The next S Zone for ETH is around 1275 if it continues the move to the downside.
The H&S Pattern Measured Drop is around 1000 Zone.
Apply risk management to your trades always because the market uncertain.
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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.
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.