ETH: BO 1700 bullish; if rejected by wma200@1200, 614 is next

21 thg 6, 2022

ETH has been inside the red downchannel since it BO from the blue bear flag. It seems to have formed a H&S pattern. It has to reclaim 1700 to be bullish again. Shortterm, ETH may consolidate between wma200 @1200 & wma300 @ 883. However if it is fails to breakout of 1200 soon, then the blank space in between may push ETH quickly down to the volume profile zone around 614.
Not trading advice