Ethereum Trade Idea

Mar 21, 2022

After we had some sell pressure come into the market near the $3000 price point. We identify a possible Head and shoulders pattern that may be looming. If price returns to the blue area to line up with the "left Shoulder" then we will be looking for any sort of bearish price action confirmation. In this case, first target would be aimed towards the neckline (support) and if price breaks the support area then we would continue to ride price short.

Market structure has not been broken for the lower timeframe uptrend so be weary that price may continue to the top-side aiming to pass the $3000 price point