Is Ethereum in a Massive Head and Shoulders Pattern?
Is Ethereum in a Massive Head and Shoulders Pattern?
Here we are taking a look at the weekly view of the Ethereum chart starting in 2020. The rapid rise from $400 to nearly $5000 has produced 2 large tops and a potential 3rd that we could be in the process of seeing play out right now.
A rising ‘neckline’ along with a lower, higher, lower top is generally thought as a bearish indicator.
Long term buy in target could be set between $1850 - $1500 area.
Good luck and please share your thoughts below!
Here we are taking a look at the weekly view of the Ethereum chart starting in 2020. The rapid rise from $400 to nearly $5000 has produced 2 large tops and a potential 3rd that we could be in the process of seeing play out right now.
A rising ‘neckline’ along with a lower, higher, lower top is generally thought as a bearish indicator.
Long term buy in target could be set between $1850 - $1500 area.
Good luck and please share your thoughts below!
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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.
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.