this potential inverse head & shoulders could take another week or so if it is to play out (if it does) with it being on the daily time frame but worth keeping an eye on and its worth noticing that it is the second h&s pattern in a row not sure if anything that tells us!
erd has had a decent pull back since it hit all time highs and now it looks to forming an inverse head and shoulders we should have a breakout @ 0.00000167 if you miss the breakout chances are we will re-test the breakout point then start the climb higher
We are a few days into the daily cloud and we are forming an inverted head and shoulders with the neck line being the top of the cloud which itself acts as resistance so I think we will bounce of the neck line a few times before we eventualy break it and it becomes our next level of support.
The tk are getting extended and the RSI is showing a div I think we will take a dip down to the trend line is and the pitchfork meet (yellow cross)
it looks like there could be a massive h&s playing out, it may not play out but now is imo defiantly a good time to start getting 42 zen
Ethereum has just broke out fom its cup and handle and should hit the 0.0257 mark
as we speak on the 4hr chart we have an adam and eve forming which will take roughly to the median line of the pitchfork
Hi first of all let me say Im not saying this will happen but I just saw it and wondered if there is a possibility of still testing the top of the cloud as support or maybe returning to the kijun?
Is a massive inverted head and shoulders pattern going to play out its already been forming over forming for over 12 months so if it does form it will take another few months to play out but if it does playout it will the start of something big!!!!
The general consensus seems to be very bearish with figures like $5k or $3k been chucked around so could this be a case where the majority are wrong and we might begoing to see 8-9K next could we have really be forming a falling wedge which we exit on the up side?
just looking on the daily chart now might be a good time to dca in as we could be going on a trip
with a cup and handle forming this could be what we are waiting for to push us through the next resistance level
If we can keep in this fork it looks like we will have good times coming
we have had the golden cross on the daily chart this might be the start of something good! Sell your grand mother!!!