ETH Will Bounce or Break on this Support?

19 May 2022

ETH has created a nice head and shoulder pattern and on the support we can see that the structure is already completed. With the recent sideways on crypto market we can clearly spot it out as if its a bounce or a breakout on the support highlighted. Here on the short term timeframe I will be keeping an eye closely to spot the breakout or reversal breakout on the current support will lead the price towards the next support formed close to 1300Any bounce back will be continuing to raise towards 2450 area.