ETH possible inverse head and shoulders to 57-60
Updated
Possible inverse head and shoulders action going on, we will need more confirmation on this but if the call holds true we are looking again at a new all time high dancing around the 57-60 usd.
Things to note: even though this call might be to small of a sample to ride off with, this is directly correlated with
BTCUSD If this continues to drop as I foresee it will with the current forking mess and people wanting to secure profits. We will see ETH take off.
My initial position this A.M is still holding weight and that is why I am very skeptical of this call and hope the current trend will break on this chart. Here: coinigy.com/s/i/58d84e0e/coinigy.com/s/i/58d84e0e/
It is now here: coinigy.com/s/i/58d890e4/
coinigy.com/s/i/58d890e4/
If it does break that chart we will move to this call and see ETH go to New highs!
Noting the current trends I am quite certain in this call if the above happens.
Things to note: even though this call might be to small of a sample to ride off with, this is directly correlated with
BTCUSD If this continues to drop as I foresee it will with the current forking mess and people wanting to secure profits. We will see ETH take off. My initial position this A.M is still holding weight and that is why I am very skeptical of this call and hope the current trend will break on this chart. Here: coinigy.com/s/i/58d84e0e/coinigy.com/s/i/58d84e0e/
It is now here: coinigy.com/s/i/58d890e4/
coinigy.com/s/i/58d890e4/
If it does break that chart we will move to this call and see ETH go to New highs!
Noting the current trends I am quite certain in this call if the above happens.
Trade active
Forgot to load up my position placed this AM. LONG: 0.05104176
Trade active
coinigy.com/s/i/58d8e892/Well, lets see by noon today if this can get out of this downward stair case trend. possible correction forming.
Note
BTCUSD climbed this AM, we are seeing strong sell off... ETH about to slingshot if it can break out on the downward staircase.
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.