The price of Ethereum is likely to create an Inverted head and shoulders pattern which is known as a strong changing pattern.
As the overall 4h trend is a downtrend, the pattern is spot on. As I spotted this possible pattern today, I sold my bags at $2836.
The plan is to buy at $2400. If Ethereum breaks below $2400 sharply, I will be buying back a break above $2400.
Safe take profit is at $2800 as if the price finds support at $2400, it's clearly going to retest $2800.
My TP will be below $3200 and below $3400. (50/50)
Good luck! Let's see how this plays out.
As the overall 4h trend is a downtrend, the pattern is spot on. As I spotted this possible pattern today, I sold my bags at $2836.
The plan is to buy at $2400. If Ethereum breaks below $2400 sharply, I will be buying back a break above $2400.
Safe take profit is at $2800 as if the price finds support at $2400, it's clearly going to retest $2800.
My TP will be below $3200 and below $3400. (50/50)
Good luck! Let's see how this plays out.
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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.