Ethereum / Euro

ETH forming ihs

By jurepetrovic

Updated

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

Note

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

snapshot

Note

See small blue parallel trendlines.

Note

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

Note

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

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.