Inverse Head and Shoulders to $4300
Updated
After that major capitulation, retest of the capitulation lows. The 4 hours chart is showing a strong inverse head and shoulders to push ETH to 4300 and above. 4300 first target would put us just above VPVR resistance where we can see consolidation before a leg up to next resistance.
Follow and like, after the move to 4300 I will post an update for next supports and resistance.
Follow and like, after the move to 4300 I will post an update for next supports and resistance.
Note
At the moment we have a retest of the bottom of the right shoulder at 3900. From here I am opening a trade with $3650 stoploss. 1 hour and 4 hour chart, as well as VPVR, shows strong consolidation in this range of 3800-4000, so very strong support and potential for bottom here.
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.