ETHUSD SHS formation with supports and resistors
Updated
FIBO was applied on top of the weekly chart and daily chart.
There is SHS formation on the daily chart. SHS already made the fall.
I expect price to step up to the support line and fall back.
Thin blue line is short trend line
The thick blue line is the true big falling train line.
The thick blue line must pass for the end of the downward trend. But expectation is in decline.
It is not an investment recommendation.
There is SHS formation on the daily chart. SHS already made the fall.
I expect price to step up to the support line and fall back.
Thin blue line is short trend line
The thick blue line is the true big falling train line.
The thick blue line must pass for the end of the downward trend. But expectation is in decline.
It is not an investment recommendation.
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