Is Ethereum in a Massive Head and Shoulders Pattern?
Is Ethereum in a Massive Head and Shoulders Pattern?
Here we are taking a look at the weekly view of the Ethereum chart starting in 2020. The rapid rise from $400 to nearly $5000 has produced 2 large tops and a potential 3rd that we could be in the process of seeing play out right now.
A rising ‘neckline’ along with a lower, higher, lower top is generally thought as a bearish indicator.
Long term buy in target could be set between $1850 - $1500 area.
Good luck and please share your thoughts below!
Here we are taking a look at the weekly view of the Ethereum chart starting in 2020. The rapid rise from $400 to nearly $5000 has produced 2 large tops and a potential 3rd that we could be in the process of seeing play out right now.
A rising ‘neckline’ along with a lower, higher, lower top is generally thought as a bearish indicator.
Long term buy in target could be set between $1850 - $1500 area.
Good luck and please share your thoughts below!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.