🔥 Ethereum Scouting Higher Low: Will The Trend Hold?
A couple of days ago I made an analysis on ETH and the inverse head & shoulders pattern that emerged on the chart. The trade has reached the first target flawlessly, but is currently seeing some bearish price action after failing to pull through the $1250 resistance area.
The bullish reversal trend is still intact, so there's no immediate worry for a new move towards $1000 or lower. On the chart I've indicated a yellow Reversal Area. If ETH reaches this area and reverses, the bull-trend is still intact and we can start the move towards >$1250 and possibly even $1500.
However, a move below the right shoulder would indicate that the trend has been broken. In that case, the most likely move would be for ETH to target $1000 or even $900, which would bring us to the head-area.
The bullish reversal trend is still intact, so there's no immediate worry for a new move towards $1000 or lower. On the chart I've indicated a yellow Reversal Area. If ETH reaches this area and reverses, the bull-trend is still intact and we can start the move towards >$1250 and possibly even $1500.
However, a move below the right shoulder would indicate that the trend has been broken. In that case, the most likely move would be for ETH to target $1000 or even $900, which would bring us to the head-area.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
İlgili yayınlar
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.