ETH - 1hr Head and Shoulders Pattern
Keep an eye on the developing Head and Shoulders pattern on the 1hr chart for Ethereum, a break below $1,215 USD would signal a potential move to around $1,150 USD, whilst this pattern has little to no bearing on the overall trend of ETH, i understand that there are those who wish to trade all available setups.
Notice the lower readings on the MACD, hinting that momentum may be waning on this most recent move higher, only time will tell.
-TradingEdge
Notice the lower readings on the MACD, hinting that momentum may be waning on this most recent move higher, only time will tell.
-TradingEdge
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