EthereumLong
ETH Reverse Head and Shoulders-- LONG
Updated
Usually I don't make short term price predictions but I am fairly confident in this one. ETH has just about completed a reverse head and shoulders using 15 minute candles. We bounced strongly off the 0.618 fib line and it looks like we at least want to push to the previous high. If we can break the previous high, we have daylight
Wait for a clean break of the neckline to enter your position and watch closely if we test the previous high of 2765. Higher conviction if we get big volume on a breakout from the neckline
Good luck out there
- Sultan of Chart
Wait for a clean break of the neckline to enter your position and watch closely if we test the previous high of 2765. Higher conviction if we get big volume on a breakout from the neckline
Good luck out there
- Sultan of Chart
Trade closed: target reached
Trade closed in the low 2800s for about 7% gains. Nothing fancy but we can't complain. I was hoping for a bigger breakout but we've now failed at the 2890 area three times and I fear that the bulls are losing this fight
Never let the fear of striking out get in your way.
- Sultan of Chart
- Sultan of Chart
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