RickyPMN

ETH breaking out of lengthy Inverse Head and Shoulders vs BTC

Panjang
BINANCE:ETHBTC   Ethereum / Bitcoin
I've been tracking the Inverse Head and Shoulders formation on the ETHBTC pairing and it appears to be breaking out. If and when neckline is confirmed as support ETH appears to be able to outpace Bitcoin about 50% to reach it's target. Personally been moving some of my long term BTC holding to ETH during the formation of the right shoulder. Will do more when neckline is confirmed as support.

Good luck in your trades. Hope this idea works for some of you.
Penafian

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