Failed Head and shoulders pattern?
The 4H ETH was supposed to be bullish after spotting the H&S pattern but the ETH failed to cross the 866$ mark. The market could possible see further down trend if it falls below 800$ i.e., below the 20 MA and 50 MA.
A few sings for bullish pattern could be spotted if it breaks the 885$ resistance with a higher volume.
Further more the RSI pattern also shows a bearish movement.
Please let me know what you think in the comment section.
A few sings for bullish pattern could be spotted if it breaks the 885$ resistance with a higher volume.
Further more the RSI pattern also shows a bearish movement.
Please let me know what you think in the comment section.
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.