mohith01

Failed Head and shoulders pattern?

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
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.

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