ETH has formed H&S pattern on 1 hr time frame with neckline at 2525 which just got breached targets for this could be 2480 final target 2415 structure would become invalid if 2575 is crossed and ETH sustains above that for now its bearish and a decisive break below 2500 will result in further long unwinding and creating a cascading downward move
Trade active
Target 1 of 2480 achieved...rejection at 2500-2510 levels will again set next move downwards towards 2410
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.