ETH Head & Shoulders Pattern forming on the weekly (also visible on daily). However, price action is consolidating inside a bullish symmetrical triangle.
Likely Outcomes:
First - SHORT then LONG.
"If" daily prices closes below neckline at 2,500, volume shelf is weak below and price will likely to go down to next ATR Fib level at 1,850.
"If" price bounces off neckline @ 2,500 AND breaks through upper triangle boundary on the daily, the H&S is invalidated and we're likely to retest ATH or at least bounce to 4,130 (highest ATR Fib level).
Time Horizon:
Move expected to pan out in 3-months or less based on the consolidation pattern.
Likely Outcomes:
First - SHORT then LONG.
"If" daily prices closes below neckline at 2,500, volume shelf is weak below and price will likely to go down to next ATR Fib level at 1,850.
"If" price bounces off neckline @ 2,500 AND breaks through upper triangle boundary on the daily, the H&S is invalidated and we're likely to retest ATH or at least bounce to 4,130 (highest ATR Fib level).
Time Horizon:
Move expected to pan out in 3-months or less based on the consolidation pattern.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。