ETH's inverse H&S ? Or a Failed Breakdown of 220usd level?

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Ethereum / TetherUS (BINANCE:ETHUSDT)

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BINANCE:ETHUSDT Ethereum / TetherUS

chartpattern trendanalysis beyondta ethusdt eth ethusd

yes, then we may go a little bit dipper to 189/190 level to form the Right shoulder. On the other hand, The most obvious patterns are those that may foolish us: wow, there is a potential to go another 15-20 usd down - so we may want to take a short . The famous guys on TradingView claim that ETH has done a fake breakdown of 220 level and they go short… Well, We could not catch all the movements on the market, ETH may go down to test levels at 200 and 190 ( another 20 usd move down). It may and It may not/ Personally I will try to catch the move up to 230-235 even missing a possible temporary dip to 200/190. The ETH’s fundamentals are strong, the usage of the dapps are growing, defi projects are getting more and more users and recognition.
So, I am on a LONG road with 50% of my usual bet. Another 50% I will place in up to 10 hours. It will be a LONG again: either from a level 200/190 or at 215/220 level. Lets see.

코멘트:

Just wanted to add a First sentence missed in my Graph's description: "Looking at the ETHUSDT’s chart on a 1d TF we may see the famous Inverse H&S pattern. If yes, then we may go a little bit dipper to 189/190 level to form the Right shoulder. On the other hand, The most obvious patterns are those that may foolish us: wow, there is a potential to go another 15-20 usd down - so we may want to take a short . The famous guys on TradingView claim that ETH has done a fake breakdown of 220 level and they go short… Well, We could not catch all the movements on the market, ETH may go down to test levels at 200 and 190 ( another 20 usd move down). It may and It may not/ Personally I will try to catch the move up to 230-235 even missing a possible temporary dip to 200/190. The ETH’s fundamentals are strong, the usage of the dapps are growing, defi projects are getting more and more users and recognition.
So, I am on a LONG road with 50% of my usual bet. Another 50% I will place in up to 10 hours. It will be a LONG again: either from a level 200/190 or at 215/220 level. Lets see.