Inverse Head & Shoulders – Next Stop 2260$
ETH needs to break above the neckline and resistance of 1930 USD.
Today’s (June 30th) daily candle shows a displacement to the upside with volume.
The high volume and the wide price range gives me some confidence that this is a markup and the consolidation phase is finished.
Ideally, we should also get a retest of the 1930 USD level as support.
The target of the Inverse Head and Shoulders is 2260 USD.
Pay attention to the resistance at 2100 USD and maybe take some off the table at that level.
Trade Idea:
Entry: 1930 USD (After retest as support)
SL: 1805
Target: 2260
TP: 2100, 2260 USD.
R: R: 2.6
If you read my previous ETH ideas, you know that I expect more from ETH.
NFA
What do you think? Please share in the comments.
Best Wishes.
