ETHUSD to complete H&S reversal today?
Yesterday, I mentioned that ETHUSD is likely to have a H&S reversal. Since BTCUSD just broke 10k (to my surprise indeed), even more funds are escaping the top from ETH. It's even harder to imagine ETH regaining momentum at this price level without any retracement -> in fact, the longer it stays here, the deeper the fall will be (as investors who've been waiting become increasingly disappointed).
What I mentioned yesterday, distribution, divergence, and falling wedge -> all still hold true. Combined with the general market sentiment, I venture to say that ETH will fall today to complete the H&S reversal.
What I mentioned yesterday, distribution, divergence, and falling wedge -> all still hold true. Combined with the general market sentiment, I venture to say that ETH will fall today to complete the H&S reversal.
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