The Head & Shoulders pattern on Ethereum is quite uncanny but also it has morphed and added an ascending right triangle pattern as shown in the below chart. The volume, as it had confirmed the H&S also confirms the ascending right triangle as it is declining. When you get a twofer in bullish patterns, the twofer effect on the price could be a rise. The ascending triangle target is $1,421 which is not too far from $1,382 for the Head & Shoulders target. Let's see if price can breach the horizontal line. This breach is the required step for the pattern to be confirmed as it is nearly if not already complete.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf