ETH inverted head and shoulders
Updated
#ETH/USDT
#update
ETH in a short time frame shaped an inverted head and shoulders pattern and broke out from the neckline.
🐮 after a pullback to the broken neckline, we can expect price increase toward the resistance zone between $1740 and $1780.
🐻as we are in a boring sideways move, so price may reject from ascending resistance zone and drop to the support zone.
#update
ETH in a short time frame shaped an inverted head and shoulders pattern and broke out from the neckline.🐮 after a pullback to the broken neckline, we can expect price increase toward the resistance zone between $1740 and $1780.
🐻as we are in a boring sideways move, so price may reject from ascending resistance zone and drop to the support zone.
Trade closed: target reached
Related publications
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.