head and shoulder forming on ETH

3 天前

ETH has formed head and shoulder on 1 hr time frame if it decisively breaks 2525 and moves down the expected target of 2415 may be possible this H&S will become invalid if ETH stays above 2575-2585 then we can expect elliot wave 5 on shorter time frame to come into play which would set targets for 2710-2850 extension of wave 5 can be upto 3050....should 2410 be achived then we are looking at deeper correction which will happen on bigger time frame opening possible doors for 1900 levles

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eth now trading below 2525 if it holds this then H&S breakdown of neckline will be confirmed holding shorts for target of 2415