Previous H&S pattern did not play out, however we see continued consolidation within the ascending triangle with a hidden bullish divergence. TK cross above the cloud further supports the probability of a break-out scenario.
Note
Keep up the attack on that resistance at 278! It's getting weaker.Note
Clean break out of the resistance at 278. We may go back for a re-test of the S/R flip which I believe is where many would look for an entry.Note
Testing as we speak. Expecting a bounce here as first re-test of a HTF resistance flipped support.Note
A weak breakout and a failed re-test, the head and shoulders pattern formed as well. Ethereum has turned bearish short-term. Please check my latest update.
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.
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.