The head and shoulder formation played out just as I expected. Congrats to those who entered this short while many others longed.
ETH has gone down around 4% confirming the head and shoulder pattern I managed to catch before the quick dump.
With the market still looking bullish, we could potentially see the price action move down a little more, even bouncing from the 0.5 - 0.618 Fib retracement levels.
ETH has gone down around 4% confirming the head and shoulder pattern I managed to catch before the quick dump. With the market still looking bullish, we could potentially see the price action move down a little more, even bouncing from the 0.5 - 0.618 Fib retracement levels.
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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.