An idea from Crypto Watch. The original analysis is based on an M15 chart. This chart is M30 due to the availability of historical data.
ETH forms an H&S bottom, where the head is itself a W-bottom. The right shoulder is a channel. Two reasonable entry points are the test of the shoulder line and the re-test of trendline post breakout.
ETH forms an H&S bottom, where the head is itself a W-bottom. The right shoulder is a channel. Two reasonable entry points are the test of the shoulder line and the re-test of trendline post breakout.
Note
The right shoulder is a flag
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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.