Sooo close BUT, ETH Will NOT be completing a H&S pattern

Take a look at the 4H chart showing what could have been a H&S pattern sending ETH down BUT, notice how:

1)he last few bear candles are retracing and
2) how MACD is turning bullish and
3) how the 20EMA is acting as support and
4) how 50EMA just crossed OVER the 100EMA

We should be going UP UP UP.

What do you think?

Bình luận:

So things seem to be changing quite a bit.
1)The right shoulder is close to completion
2) MACD broke down further on the sell side after starting to go back into buy.
3) we already burnt through very strong support and the 20EMA seems to be barely acting which is all that stands between us and the neck line hence completing the pattern and sending ETH to approx $833

Watch carefully and be ready to sell when we close below the neckline at approx $906 or so

Good luck and as usual, these are just opinions so please do your own homework and research and trade responsibly.

Bình luận:

Sorry meant to say that 100EMA seems to be barely acting as support. We already lost the 20EMA.

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I hope some managed to take advantage of my idea and make a few bucks