HEAD & SHOULDER PATTERN FORMATION ON ETH 1D TIME FRAME
QUICK ETH UPDATE
On the Daily Chart, ETH is currently not looking at all... A Big H&S Pattern is forming (which is Bearish).
There are 2 scenarios which could play out at no particular time.
The 1700-1800 is still a crucial R Zone for ETH to regain
The next S Zone for ETH is around 1275 if it continues the move to the downside.
The H&S Pattern Measured Drop is around 1000 Zone.
Apply risk management to your trades always because the market uncertain.
On the Daily Chart, ETH is currently not looking at all... A Big H&S Pattern is forming (which is Bearish).
There are 2 scenarios which could play out at no particular time.
The 1700-1800 is still a crucial R Zone for ETH to regain
The next S Zone for ETH is around 1275 if it continues the move to the downside.
The H&S Pattern Measured Drop is around 1000 Zone.
Apply risk management to your trades always because the market uncertain.
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