ETHUSD is forming a head & shoulders pattern on the intraday chart. If this pattern were to break through the neckline and be confirmed it has a $195 price target.
Before bulls get too excited there are some things to keep in mind...
1.Price MUST break the neckline first or there is no H & S.
2.This pattern is forming into a massive selloff. Expect selling pressure on any rally attempts.
3.This is an intraday pattern. Intraday patterns are notoriously less reliable.
Before bulls get too excited there are some things to keep in mind...
1.Price MUST break the neckline first or there is no H & S.
2.This pattern is forming into a massive selloff. Expect selling pressure on any rally attempts.
3.This is an intraday pattern. Intraday patterns are notoriously less reliable.