Cryptcurrency
Ethereum appears poised for a strong reversal to 400's again.This chart shows a parallel channel that ETH/USD had been in for the first half of the year, then a corrective counter move that was in a less tight, but still recognizable channel. Now, ETH/USD has broken that DOWN trend and appears to be forming a possible inverted head and shoulders pattern. If this pattern is CONFIRMED with a strong move over ~250, the mid 400's would be the minimum target from this inverted H&S pattern.
ETH is still very young here. Many are still totally in the dark on blockchain tech and cryptocurrencies in general. In fact, as I typed this, the spell checker did not recognize EITHER of those terms at all.
Watch for potential breakout over the purple neck line in the chart.
This is a test post. Not sure if the chart is going to automatically appear...
