After the establishment of the ETH 1D inverse H&S, the highest price reached 2146.
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In the 4hr chart, with 1782.40 as the low point, ETH stepped back into the resistance range of 2002~2007. The current price has fallen below 1782.40, and the lowest has reached 1736.
ETH has a pin bar with a long low shadow line at the support price of 1744.60, indicating that ETH has a chance to rebound here, but it will not affect the short trend.
Support price:
1744.6
1663.65
1635~1643.5
-
Note
ETH is effectively supported at 1744.60. ETH reached 1817.20 and then fell back to the support price of 1786.20.
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Watch for a breakout of the downtrend line on the 1hr chart.
Short-term goals:
1817.20
1848.20
Note
ETH reached the target of 1817.20, with the target of 1848.20 still above.
Note
After ETH reached the resistance range of 1845~1848, a lower high appeared, and the price fell below the trend line support.
It is currently consolidating around the previous low of 1802.85.
If the closing price is lower than 1802.85, focus on the support range of 1782.40~1793.95.
Note
After coming to the support range of 1782.40~1793.95, ETH shows a short-term downward trend. The current price is near the resistance trend line. You can pay attention to whether ETH breaks upward.
Note
After ETH broke through the previous high of 1847.20, the price fell back to 1756 (the support range is around 1736~1744.6).
At present, there is a inverse H&S within a 15-minute chart, and ETH has a chance to rise for a short time. You can pay attention to several target prices:
1832.50
1839.05
1845.00
1866.70
1880.00
If the above price is successfully met, ETH has the opportunity to challenge the resistance of the upper trend line.
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1736~1744.6 is still a relatively critical support range in the near future.
-
Note
ETH 15-minute inverse H&S targets have been reached one after another.
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Watch for a chance of a double bottom pattern on the 4 hr chart.
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Telegram頻道:
t.me/noahchen_crypto
Telegram聊天群:
t.me/noahtradingroup
bybit sign up:
partner.bybit.com/b/56404
zoomex sign up:
partner.zoomex.com/aff/zx39840
t.me/noahchen_crypto
Telegram聊天群:
t.me/noahtradingroup
bybit sign up:
partner.bybit.com/b/56404
zoomex sign up:
partner.zoomex.com/aff/zx39840
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.