ETH inverted head and shoulder
ETH is braking out!!!
on the 2 hour time chart we see a inverted head and shoulder patern forming,
the down was 11%, so according to the head and shoulder patern, after the right shoulder, we go 11% back up again.
This looks like to be enought to brake the level 1,0 fib.
If he breaks, the next goal is 2100. I think that is realistic.
In my opinion this is a good entry, but you also can wait until he brakes, what should be in the next 1/2 days.
no advice, just my opinion.
Tim
on the 2 hour time chart we see a inverted head and shoulder patern forming,
the down was 11%, so according to the head and shoulder patern, after the right shoulder, we go 11% back up again.
This looks like to be enought to brake the level 1,0 fib.
If he breaks, the next goal is 2100. I think that is realistic.
In my opinion this is a good entry, but you also can wait until he brakes, what should be in the next 1/2 days.
no advice, just my opinion.
Tim
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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.