We are looking at the developing Reverse Head and Shoulder pattern.
Never take a position on a half-completed pattern.
Only when it crosses $640 and corrects back to ~$640 levels can we look at a target of $730
A very small timeframe call on ETH on 1 hour timeframe.
We may be looking att he development of a H&S pattern. Though I am bearish on ETH at the time being but price seems to hold well. It is continuously getting tested at $625. As with any H&S pattern wait for the completion of the Right Shoulder. we would see price breaching $625 and then a retest which would...