ETH Targeting 100% Retracement...?
ETH price broken below parallel channel, both daily EMA's and is forming a bearish flag that could take us all the way back to the $80's
Small inverse head and shoulders could provide a bear trap move back to $270 region before the move downwards.
There is definately potential that we have just completed wave 4 of a downwards impluse and could be starting wave 5.
Close above the purple downtrend line for more bullish outlook.
Small inverse head and shoulders could provide a bear trap move back to $270 region before the move downwards.
There is definately potential that we have just completed wave 4 of a downwards impluse and could be starting wave 5.
Close above the purple downtrend line for more bullish outlook.
Note
Flag extended out a bit further but we had a confirmed breakout yesterday.
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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.