Watchin this pattern on Ethereum's weekly, wondering if this is a neckline of a large head and shoulders pattern. What are your thoughts?
Cautious for now.
Seeing a short-term bounce here for Bitcoin at the psychological 30k level with a possible target of high 30s, be nimble as we are still in a downtrending market.
Nice to see this old resistance (purple) act as support now and keep us above 100 for now. This looks very constructive to keep the party going for Solana.
We are in a descending channel until further notice, but will be bullish if we breakout from it. This recent bear flag took us to sub-100 again as well. Watching for either a test at the low 80s bottom to form a double bottom or a breakout from this descending channel to get long.
