If eth fails to recover its price at this point, we will see the confirmation of a SHS.
The fall could take EHT to 2435usd zones as a last target, although it presents strong resistances in the 20 and 55 EMAs in 4hs.
In summary.
*If it manages to recover its price it could lateralize forming a triangle.
MEASURE YOUR RISK! The loss you assume in case of failure should NEVER exceed 2% of your total capital. NEVER. We invite you to share your vision in the comments. Thank you
The fall could take EHT to 2435usd zones as a last target, although it presents strong resistances in the 20 and 55 EMAs in 4hs.
In summary.
- According to my analysis, a candlestick close below 2630usd would confirm a head shoulder.
*If it manages to recover its price it could lateralize forming a triangle.
MEASURE YOUR RISK! The loss you assume in case of failure should NEVER exceed 2% of your total capital. NEVER. We invite you to share your vision in the comments. Thank you
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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.