Ethereum / Euro

Updated

ETH forming ihs

I will be patiently watching how this ihs in formation unfolds.
Drop below right shoulder should indicate failure.

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Additionally there is a small double bottom forming on smaller timeframes.

snapshot

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See small blue parallel trendlines.

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I'm having some doubts this will succeed, as there is no buying pressure...

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And it did go up. I scalped a small short there, but nothing serious.
Let's see how this unfolds first. I got no better idea here.

snapshot

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Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.