EtcUsd potential inverted h&S forming
Updated
It seams that crypto has bottomed for the short&medium term. That would be definitely confirmed if the potential inverse h&S pattern would play out as described bellow:
Etc, seams to be forming a potential, h&S pattern
If this scenario will play out
the first Short term-target appears to be approx 31$ Around the long-term resistance which is the upper trendline.
The second potential medium-term target would then be around 50$, where the next major resistance would lie and where the inv. h&S pattern would be confirmed if there where to be a breakout above that price-zone, thus confirming a bottoming and a reversal in the market, signaling a new bull.
Etc, seams to be forming a potential, h&S pattern
If this scenario will play out
the first Short term-target appears to be approx 31$ Around the long-term resistance which is the upper trendline.
The second potential medium-term target would then be around 50$, where the next major resistance would lie and where the inv. h&S pattern would be confirmed if there where to be a breakout above that price-zone, thus confirming a bottoming and a reversal in the market, signaling a new bull.
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