$ETHUSD - Possible inverted H&S
Hi guys!
🔔 Ethereum bounced back after testing of the dynamic resistance (upper threshold of the descending channel).
🔔 Bulls are not giving up and ETHUSD remains inside the channel which is a good sign. The wick of the last red candle shows increasing volumes of buy orders at these levels.
🔔 If you look at previous jumps on the chart, they all were preceding a large wick.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 Ethereum bounced back after testing of the dynamic resistance (upper threshold of the descending channel).
🔔 Bulls are not giving up and ETHUSD remains inside the channel which is a good sign. The wick of the last red candle shows increasing volumes of buy orders at these levels.
🔔 If you look at previous jumps on the chart, they all were preceding a large wick.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Trade closed: target reached
TP1 complete. Pattern cancelled!Trade closed: target reached
TP2 and 3
Nothing is true, everything is permitted.
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🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
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.
Nothing is true, everything is permitted.
_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
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.