Possible Head and Shoulders forming on Ethereum. Bearish.
Possible head and shoulders (bearish pattern) forming on 1H ETH/USD chart. RSI, MACD, and volume looks like its supporting this, too.
Note
Although the angle of the head to the shoulder is off, we are still on track for a head and shoulders pattern as long as we don't break resistance.Note
Looks like ETH wants to try to break resistance for a third time. If it doesn't we're going down.
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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.