ETH Completing Massive H&S
Hi All, I mentioned 2 weeks ago that this MASSIVE H&S needed to occur so it will square up with what happened last year.
ETH is falling, and by doing that it is completing the yellow H&S.
There is a support line at 710 that will stop a little bit the vertigineous fall but I am pretty sure it will go over it.
After that the following support will be at 620 which is the intersection of the 0.786 fib and the ascending bottom line (purple) that comes back from December. If that fails the MASSIVE H&S will bo completed and we will buy in any point of that yellow circle.
Be aware that small corrective bounces will occur in the resistive lines.
Please like and share. I will follow up in a couple of hours.
ETH is falling, and by doing that it is completing the yellow H&S.
There is a support line at 710 that will stop a little bit the vertigineous fall but I am pretty sure it will go over it.
After that the following support will be at 620 which is the intersection of the 0.786 fib and the ascending bottom line (purple) that comes back from December. If that fails the MASSIVE H&S will bo completed and we will buy in any point of that yellow circle.
Be aware that small corrective bounces will occur in the resistive lines.
Please like and share. I will follow up in a couple of hours.
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.