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VitalyVishnevsky

ETHUSD - Head and Shoulders is likely forming on 1h

Ethereum / TetherUS (BINANCE:ETHUSDT)  
VitalyVishnevsky Uppdaterad   
BINANCE:ETHUSDT   Ethereum / TetherUS
Trend Analysis Chart Patterns Technical Indicators waitingbreak
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trendanalysis chartpattern indicator waitingbreak
According to main indicators we might see Head and Shoulders pattern on 1h soon, need to wait for break confirmation on 1h + MACD down in next 2-5 hours at about $1135 level. Potential bounce zone for a head to the second shoulder $1100-$1110 to the $1140-$1145 with a free fly down to $1036 after $1090
Kommentera:
MACD and RSI are very close to tip the overbought zone, scenario will still be working, but I would wait for confirmation if we will see move down to 1100 and to the second shoulder lower than 1140 as confirmation for it.
Kommentera:
No, that was completely wrong. Looks like we are forming double bottom with top on 40+
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