After a freefall eth halted at major level of 2160 and started consolidating
now it has formed a inverted head and shoulder *currently the neckline and the mid resistance at 2630 *after the breakout and retest it can go upto 20% which will be 3200 usdt
NOTE: * used shciff ptichfork the price bounced back from lower median * after the confirm breakout with bullish candle trade above the 0.5 of median line(black) * the price might bend or retrace from black median line and as per my projection there wont be parabolic move or else will have to redo the analysis * it is a postional trade but initiate it with your own risk and trading style
let me know your feedback in comment about opinion on the short term view
happy trading ....!
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eth consolidated into the old shoulder zone and broke out and now retesting