Hi guys,
A short analysis on the short-term on the hour chart for ETHUSD. H&S failed on the right should, the pattern is not valid.
As you can see, we are testing the 2nd Fibonacci up support level [$674], if we break that support with a great green candle, the Adam&Eve double bottom will be confirmed and the potential bullish move could reach $690 again, that is to say tomorrow.
Take a look at my previous analysis, in which I put in evidence some key insights like ABCDE Elliot wave and potential supports on the 4-hour chart.
A short analysis on the short-term on the hour chart for ETHUSD. H&S failed on the right should, the pattern is not valid.
As you can see, we are testing the 2nd Fibonacci up support level [$674], if we break that support with a great green candle, the Adam&Eve double bottom will be confirmed and the potential bullish move could reach $690 again, that is to say tomorrow.
Take a look at my previous analysis, in which I put in evidence some key insights like ABCDE Elliot wave and potential supports on the 4-hour chart.
We have not broken the uptrend support yet, but the A&E double bottom confirmed, we should recover $690 soon.