The up-sloping neckline is very important in this case, because price will likely pull back down, this calls for a continuation chart pattern called THE HEAD and SHOULDERS TOP.
On the 4hours time frame, the price chart of ETHBTC has been spotted forming a continuation chart pattern which is really important to all trader. This chart is always called the classical chart pattern.
Just because it is continuation chart pattern doesn't mean it cant be invalid, if price doesnt break through the up-sloping neckline, it is considered to be invalid.
We make this clear to all traders to watch the neckline so as to open a long position.
Breakout: 0.021970sats
Resistance 1: 0.022480sats
Resistance 2: 0.023224sats
Resistance 3: 0.024036sats
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice
On the 4hours time frame, the price chart of ETHBTC has been spotted forming a continuation chart pattern which is really important to all trader. This chart is always called the classical chart pattern.
Just because it is continuation chart pattern doesn't mean it cant be invalid, if price doesnt break through the up-sloping neckline, it is considered to be invalid.
We make this clear to all traders to watch the neckline so as to open a long position.
Breakout: 0.021970sats
Resistance 1: 0.022480sats
Resistance 2: 0.023224sats
Resistance 3: 0.024036sats
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice