ETH head & shoulders (correction wave)
#ETHUSD
ETH broke down the parallel channel and hit 2 targets of my last analysis.
there are 2 scenarios that shows dump of ETH will continue to around $2500.
1. the head and shoulders pattern, that broken from the neck line, so price will fall more as the measure of the head height, which is around $2500.
2. the fibonacci levels of swing high, shows the correction wave can continue to 0.618 level , which is the same as a support zone, and it is around $2500.
ETH broke down the parallel channel and hit 2 targets of my last analysis.there are 2 scenarios that shows dump of ETH will continue to around $2500.
1. the head and shoulders pattern, that broken from the neck line, so price will fall more as the measure of the head height, which is around $2500.
2. the fibonacci levels of swing high, shows the correction wave can continue to 0.618 level , which is the same as a support zone, and it is around $2500.
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