EthereumUpdated ETH/USD | Major breakout/down incoming
ETH is preparing for a breakout or breakdown.
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- Head and shoulders pattern in play.
- Symmeterical triangle nearly done.
- Possible ascending triangle still in play.
> Looking at the volume it's contracting right now and trading range as well. <
Looks like we will test the side wards resistance once more. If we break past it, it's most likely a ascending triangle in the works.
Watching this from the sideline right now.
Good luck
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- Head and shoulders pattern in play.
- Symmeterical triangle nearly done.
- Possible ascending triangle still in play.
> Looking at the volume it's contracting right now and trading range as well. <
Looks like we will test the side wards resistance once more. If we break past it, it's most likely a ascending triangle in the works.
Watching this from the sideline right now.
Good luck
Note
Obvious IHS on 4h timeframeNote
Fakeout :)Note
It's clear that ethereum wants and needs to complete this pattern, new analysis coming soon !
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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.