ETH Short Term Analysis
Updated
My chart is self-explanatory but i'll endeavor to explain even further. ETH on 2H/4H is forming an inverse h&s, which will hold if the right shoulder doesnt break below the support line of 1980-2150$. And we may see a stepwise rise once again. Trade smart & stay safe
Note
Right shoulder held at support level around $2186 with right shoulder a little bit on the higher side of the left shoulder. ETH price action becoming very bullish, heading towards your resistance level of the neckline
Trade active
Please ensure to take profit @3200, a more agressive approach will be to take profit @3600.
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.