Hey all, quick educational post on a text book H & S pattern break on ETH on the hourly that just played out.
Left shoulder started around 740, the head formation started aroun 6pm last night with a higher right shoulder around 2am this morning. When the right sided neck line broke $740 look what happened, a respectable dump and a new resistance being formed at $740. The hourly bars have been unable to close above $740, and I would suspect a further bearish move to the down side. ETH is still bullish, but I think this will remain a strong formation. Pretty cool. Hope you got something from this.
ShiverMeTimberz here, firing one off your bow. It be your coin I be after, ARRR!
Tell me what ya'll think. Like, subscribe, comment. This is for education purposes only.
Left shoulder started around 740, the head formation started aroun 6pm last night with a higher right shoulder around 2am this morning. When the right sided neck line broke $740 look what happened, a respectable dump and a new resistance being formed at $740. The hourly bars have been unable to close above $740, and I would suspect a further bearish move to the down side. ETH is still bullish, but I think this will remain a strong formation. Pretty cool. Hope you got something from this.
ShiverMeTimberz here, firing one off your bow. It be your coin I be after, ARRR!
Tell me what ya'll think. Like, subscribe, comment. This is for education purposes only.