Ethereum: Massive H&S forming to the upside?

in #eth • 7 years ago

Hey guys,

So it looks like ETH (along with other cryptocurrencies) continues to rise today.

Looking at the graph today I was wondering whether a massive H&S is forming, as per below. So at the moment the left shoulder has formed and the head is in progress. If the trend continues ETH could come back down at around the $900 mark to approximately $600. From there it could go back to beyond $1000 perhaps. Beyond there I'd imagine that the last ATH of $1,400 will be a big resistance.

Lets see what happens. Again, this IS NOT trading advice. Please do your own research and assess your own risk before trading. Thanks for reading.

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#cryptocurrency #ethereum
7 years ago in #eth by
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