Tin.Foil

#ETH Trend Reversal Inverse H&S +26% Target incoming

Long
Tin.Foil Updated   
COINBASE:ETHUSD   Ethereum
Like BTC, ETH has formed an inverse head & shoulders formation. This actually happened before the completion of the inverse H&S on Bitcoin, which is a sign to me that ETH may start to lead the market.

This trend reversal will lead to a +26% gain within the next 12-16 hours. Keep an eye on it. We're going back up, unless the bears really try to stick it to us.

Trade closed: stop reached:
This isn't going to work out. We're sideways now. Going to have to wait for this to spark back up again.

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.