Salaam
ETH can't make a higher high in H4, now I'm waiting for making a lower low.
It also seems head and shoulders pattern forming.
In the H1, it also forming Head and shoulders , waiting to make the left shoulder.
It also breaks the EMA 10, EMA 20, and 1550 level to the downside and now pullback to them.
Closing the H1 candle above 1550 and EMAs could neglect this scenario.
ETH surrounded with:
Support: 1510
Resistance: 1600
***Personally, sell ETH now regarding EMA down break.
ETH can't make a higher high in H4, now I'm waiting for making a lower low.
It also seems head and shoulders pattern forming.
In the H1, it also forming Head and shoulders , waiting to make the left shoulder.
It also breaks the EMA 10, EMA 20, and 1550 level to the downside and now pullback to them.
Closing the H1 candle above 1550 and EMAs could neglect this scenario.
ETH surrounded with:
Support: 1510
Resistance: 1600
***Personally, sell ETH now regarding EMA down break.
Note
SalaamAs you see, the scenario is neglected.
Supports: 1600 - 1550
Resistance: 1665 - 1740
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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.