Is Ethereum in a Massive Head and Shoulders Pattern?
Is Ethereum in a Massive Head and Shoulders Pattern?
Here we are taking a look at the weekly view of the Ethereum chart starting in 2020. The rapid rise from $400 to nearly $5000 has produced 2 large tops and a potential 3rd that we could be in the process of seeing play out right now.
A rising ‘neckline’ along with a lower, higher, lower top is generally thought as a bearish indicator.
Long term buy in target could be set between $1850 - $1500 area.
Good luck and please share your thoughts below!
Here we are taking a look at the weekly view of the Ethereum chart starting in 2020. The rapid rise from $400 to nearly $5000 has produced 2 large tops and a potential 3rd that we could be in the process of seeing play out right now.
A rising ‘neckline’ along with a lower, higher, lower top is generally thought as a bearish indicator.
Long term buy in target could be set between $1850 - $1500 area.
Good luck and please share your thoughts below!
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