Ethereum's massive H&S forming: Is the right shoulder forming now?
Hey guys,
So just a follow up on the last Ethereum massive H&S pattern post (as per below link), ETH has fallen to as low as $690 area and is currently overing between $720 and $730 area. Looking at the bigger picture we can see that the pattern could still be valid, i.e. it is sort of mid way between $950 and $600 area (slightly more to the lower side at the moment). To be honest I personally wouldn't be too surprised if it fell to around the $600 area as its made quite a nice head pattern already. So if it fell to the $600 area then hopefully, if it follows the pattern then there'll be a nice bounce back up and really try surpassing the $950-$1,000 area. But whatever you do read up more and do some research before you do any trading if thats what you have in mind. If you aren't sure of something then its sort of gambling and I'd personally wouldn't go all in whether thats shorting or long.
Hope you enjoyed this, as per usual this IS NOT trading advice. I just wanted to share my personal thoughts and remind people to be careful. Thanks
