Inverse H&S - ETH/USD

Pair: Ethereum/US Dollar
Exchange: Bitfinex
Pattern: Inverse H&S
Time Deadlines:

5/18 SELL POINT
5/27 BUY POINT
6/07 SELL POINT

Heavy resistance in the 1000 USD zone
Expected accumulation zone: 800-875 USD

Note

Update:
ETH price dropped a bit during the night in view of the SEC meeting, having place tomorrow.
New BUY POINT in the 770-775$ zone, TARGET: 830$.

Note

Update:
ETHUSD is losing now 10% from yesterday's price and today the pair is characterized by high volume and high volatility.
However, the Inverse H&S pattern is still valid since the price bounced on the upward trendline.
I suggest opening a new SHORT position only in the case of valid breakout of the dynamic trendline, under 700$ (Daily).

Note

Update:

Note

Update:

RiccardoGoldoni

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