Head and shoulders forming on Ethereum chart
Ethereum is forming a head and shoulders pattern following bitcoin [that has formed a double top pattern on the daily chart]
There is also a double bottom on the 1h chart, this double bottom drags the price to $403 - $416 which is the range of left shoulder of the pattern, In other words, it forms the right shoulder if it rejects this range.
There is also a double bottom on the 1h chart, this double bottom drags the price to $403 - $416 which is the range of left shoulder of the pattern, In other words, it forms the right shoulder if it rejects this range.
Dagangan aktif
The price has just hit a higher price than expected but it still can be considered as a head and shoulders pattern and the right shoulder's high just touched in my opinion because Ethereum made a higher growth in comparison with Bitcoin which is the market maker so it will have a bigger pull back too [if it does].IF the price pulls back to $380 the pattern will be completed and the lower prices are expected to be seen
Nota
Updated chart
Analyses are NOT financial advice; DYOR
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Analyses are NOT financial advice; DYOR
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.