The price of Ethereum is likely to create an Inverted head and shoulders pattern which is known as a strong changing pattern.
As the overall 4h trend is a downtrend, the pattern is spot on. As I spotted this possible pattern today, I sold my bags at $2836.
The plan is to buy at $2400. If Ethereum breaks below $2400 sharply, I will be buying back a break above $2400.
Safe take profit is at $2800 as if the price finds support at $2400, it's clearly going to retest $2800.
My TP will be below $3200 and below $3400. (50/50)
Good luck! Let's see how this plays out.
As the overall 4h trend is a downtrend, the pattern is spot on. As I spotted this possible pattern today, I sold my bags at $2836.
The plan is to buy at $2400. If Ethereum breaks below $2400 sharply, I will be buying back a break above $2400.
Safe take profit is at $2800 as if the price finds support at $2400, it's clearly going to retest $2800.
My TP will be below $3200 and below $3400. (50/50)
Good luck! Let's see how this plays out.
