ETH/USDT ON 2 hours chart

BINANCE:ETHUSDT   Ethereum / TetherUS
ETH/USDT has broken its major support trendline but couldn’t sustain to stay above 200 MA for a long time. While posting this ETH is trading in a range market, making a bit dicy for confirmations. Looking at the chart patterns we could plot HEAD & SHOULDER pattern. Once the neckline is broken we can look for short position and target can be the length of the start of left shoulder. Trade safe

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.