ETH Short Term Conflicted
I could be drawing these totally wrong, but I'm struggling with what appears 4 patterns that point in both directions.
On one hand, there appears to be 1) an almost completed inverse head and shoulders pattern or cup and handle pattern (in brown) with a target of $475 inside 2) a larger bearish flag (in black) with a target of $295 with 3) a smaller bullish pennant (in blue) targeting $455, all inside a 4) bearish wedge (in orange) targeting $310.
Thoughts?
On one hand, there appears to be 1) an almost completed inverse head and shoulders pattern or cup and handle pattern (in brown) with a target of $475 inside 2) a larger bearish flag (in black) with a target of $295 with 3) a smaller bullish pennant (in blue) targeting $455, all inside a 4) bearish wedge (in orange) targeting $310.
Thoughts?
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.