ETHUSD - Head and Shoulders is likely forming on 1h

According to main indicators we might see Head and Shoulders pattern on 1h soon, need to wait for break confirmation on 1h + MACD down in next 2-5 hours at about $1135 level. Potential bounce zone for a head to the second shoulder $1100-$1110 to the $1140-$1145 with a free fly down to $1036 after $1090

評論:

MACD and RSI are very close to tip the overbought zone, scenario will still be working, but I would wait for confirmation if we will see move down to 1100 and to the second shoulder lower than 1140 as confirmation for it.

評論:

No, that was completely wrong. Looks like we are forming double bottom with top on 40+