Ethereum's massive H&S forming: Right shoulder forming quite well

Hey guys,

ETH has surpassed $800 for the first time since early March! (although has retraced below it as of 10:39GMT. But thats normal. So just a follow up on yesterday's post, the H&S patterns appears to still be on track. Another $150 or so to form that nice right shoulder. As ETH has risen by a staggering 25% since 2-3 days ago I'd expect and sort of hope that it consolidates a bit before rising again. But if it continues to power on to the $950 area, and possibly breaching $1,000 (an additional 20%-25% increase from $800) in the next 2-3 days then I'd expect a "sharp" retracement to the $600 area. But if it "slows" down and consolidates then the fall may not reach the $600. Partly because ETH wouldn't be as overbought (when RSI is above 70).

Lets see what happens over the next few days, its sunny here in London, UK and so I'm going to be enjoying that and hopefully see some nice surprises on Monday :)

Hope you've enjoyed this and please like/and comment so I can improve. Once again this IS NOT trading advice, please do your own research if you decide to make a trade.

Thanks

https://steemit.com/eth/@ilnomis/follow-up-on-ethereum-s-massive-h-and-s-forming