ETH/USD - Head and double shoulders creation on 1H chart.

Updated

You don't see this really often, but is still a signal that price is about to go down.
Now ranging between 560-575, looking for a break to the downside.

If price goes above 589.5, setup is not valid anymore.

If price goes below 560, aim for 550, and if it reaches that level and breaks, aim for 540

Also interesting:

More crypto's are showing the same kind of move, all causes by yesterdays spike up. Take a look and compare them:

XRP/USD - Double top rejection is likely to form up

Comment

Heading towards first mentioned level now

VanSteenMarketResearch

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