ETH (and BTC) have been moving in downtrends for a couple months. Within these channels, they have been following HS patterns on differing scales.
ETH is setting up for a larger HS pattern (as is BTC) which could signify a final move to break through the correction channel. For more discussion, see BTC link below, including relation to RSI patterns.
This is meant to be educational, not trading advice. However the reoccurrence of these fractals lends support to the overall analysis.
ETH is setting up for a larger HS pattern (as is BTC) which could signify a final move to break through the correction channel. For more discussion, see BTC link below, including relation to RSI patterns.
This is meant to be educational, not trading advice. However the reoccurrence of these fractals lends support to the overall analysis.
Note
More discussion here with BTC HS patterns.
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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.