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ETH Inverse Head & Shoulder to target 2900
In this 4 HR chart. ETH now trading 2550. It seems to have completed the left shoulder & head at 2550 neckline.
Price wil fall again to make the RS.
the measured up-move will have a target at 2900, a resistance zone where it will be rejected down.
ETH will remain back inside down channel (still downtreand).
Battle of bears & bulls inside the cloud before ETH finally breaking 2900.
Notice that 2550 & 2900 are both GANN fan support & resistance lines.
Next resistances are 3400 & 4000.
not trading advice
Price wil fall again to make the RS.
the measured up-move will have a target at 2900, a resistance zone where it will be rejected down.
ETH will remain back inside down channel (still downtreand).
Battle of bears & bulls inside the cloud before ETH finally breaking 2900.
Notice that 2550 & 2900 are both GANN fan support & resistance lines.
Next resistances are 3400 & 4000.
not trading advice
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