This chart shows a parallel channel that ETH/USD had been in for the first half of the year, then a corrective counter move that was in a less tight, but still recognizable channel. Now, ETH/USD has broken that DOWN trend and appears to be forming a possible inverted head and shoulders pattern. If this pattern is CONFIRMED with a strong move over ~250, the mid 400's would be the minimum target from this inverted H&S pattern.
ETH is still very young here. Many are still totally in the dark on blockchain tech and cryptocurrencies in general. In fact, as I typed this, the spell checker did not recognize EITHER of those terms at all.
Watch for potential breakout over the purple neck line in the chart.
This is a test post. Not sure if the chart is going to automatically appear...
ETH is still very young here. Many are still totally in the dark on blockchain tech and cryptocurrencies in general. In fact, as I typed this, the spell checker did not recognize EITHER of those terms at all.
Watch for potential breakout over the purple neck line in the chart.
This is a test post. Not sure if the chart is going to automatically appear...