🔥 Ethereum Bearish Trend Reversal Confirmed: Re-test Of Lows
Recently I made an analysis on ETH where I talked about the inverse head & shoulders and the bullish trend that came from it. My line in the sand for a bullish trend was that the price was still above the right shoulder's support. However, now that we're trading below it the probability for a re-test of the "head"-area has increased.
Now it's all about patience. Shorting into a support seems like a bad idea, buying in this area too. I'm going to wait and see what BTC and stocks will do in the next two days.
For now, the most probable scenario would be a move towards the blue area.
Now it's all about patience. Shorting into a support seems like a bad idea, buying in this area too. I'm going to wait and see what BTC and stocks will do in the next two days.
For now, the most probable scenario would be a move towards the blue area.
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