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Ethereum / Bitcoin
Short
Updated

$ETH head and shoulders formation

684
Ethereum is in a H&S formation vs BTC, and it's highly likely to go down if it closes below the neckline. Target on chart
Note
Didn't close below the neckline yet, so the trade is still pending. It will be totally invalidated if we go above the right shoulder
Order cancelled
invalidated. unfortunately, ETH didn't go below the neckline and is now trading above the right shoulder. There's still a chance it will give the setup again, and if it does go below the neckline it should still be bearish
DaBullishBear
Also on:
Chart PatternsETHETHBTCEthereum (Cryptocurrency)ETHPERPETHUSDTechnical IndicatorsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsETHETHBTCEthereum (Cryptocurrency)ETHPERPETHUSDTechnical IndicatorsTrend Analysis
DaBullishBear
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.