ETHUSDT 4H
Hello my friends
Today, ETH is forming a pattern similar to the bearish head and shoulders pattern in the 4-hour chart
Given the strong support level of the $ 1720 point, which is also at the intersection of the ascending channel floor (formed from January 27 until now), it is expected that the price will face the targets of 1800 to 2000 with support at this point.
Note that in the event of a break of the bullish channel and the support of the $ 1720 point, a price correction to the support levels of $ 1600 and $ 1520 would be reasonable (completing the two-shoulder pattern)
BTC movements is Important
I'm very sorry for the grammatical errors
Today, ETH is forming a pattern similar to the bearish head and shoulders pattern in the 4-hour chart
Given the strong support level of the $ 1720 point, which is also at the intersection of the ascending channel floor (formed from January 27 until now), it is expected that the price will face the targets of 1800 to 2000 with support at this point.
Note that in the event of a break of the bullish channel and the support of the $ 1720 point, a price correction to the support levels of $ 1600 and $ 1520 would be reasonable (completing the two-shoulder pattern)
BTC movements is Important
I'm very sorry for the grammatical errors
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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.