Looks like eth may complete head and shoulders. Upward trend is broken and HnS pattern showing. Probable break to the down side. Head and shoulders strategy looks like a drop of 827. Look for consolidation around 2673. Now this is just a chart pattern nothing is certain but gains can be made on the dead cat bounces all the way down to what looks like the 26th of May. Who knows may stop and hang out maybe even bounce off vwap or 200 MA, RSI doesnt suggest for a fast plummet but why delay if we need to consolidate and pick up more bullish retail buyers.
Now if RSI gets over sold quickly we can get that bounce and move up.
If it breaks to the upside of the HnS pattern expect a test of the high.... any volume left out there?
Now if RSI gets over sold quickly we can get that bounce and move up.
If it breaks to the upside of the HnS pattern expect a test of the high.... any volume left out there?