StaniecLukasz

Possible Head and Shoulders Patter on the 4 hr Bar

Singkat
COINBASE:ETHUSD   Ethereum
A possible Head and Shoulders pattern is near completion on the 4 hr bar. If $ETH closes around the $910 mark, not only would this pierce the top of the cloud on the 4hr bar but it would also close below the cloud on the Daily bar causing more downside selling as $ETH continues to lose momentum. There is a monster support at the $880'ish level as this is the bottom of the cloud on the 4 hr bar and also a key retracement level. If $ETH continues this downward path, while breaking $880, the $840 mark could be a testing ground for the Head and Shoulders pattern.
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