Trading Fam,
Lot's of good patterns occurring on the crypto charts recently, Ethereum is no exception. Here you can see a valid inverse head and shoulders pattern has formed. 85% of the time, these patterns play out.
If we do break that neckline to the upside, I would suggest that $4100 will come fairly quickly. We do have a few resistance areas ahead of us where I expect some pause. But this will only give the market enough time to recognize they may be missing the rocket ride and hop in.
If we don't break that neckline this week, we could pull back for another week. But I think by the end of June our neckline will break and we'll be on our way.
Best,
Stew
Lot's of good patterns occurring on the crypto charts recently, Ethereum is no exception. Here you can see a valid inverse head and shoulders pattern has formed. 85% of the time, these patterns play out.
If we do break that neckline to the upside, I would suggest that $4100 will come fairly quickly. We do have a few resistance areas ahead of us where I expect some pause. But this will only give the market enough time to recognize they may be missing the rocket ride and hop in.
If we don't break that neckline this week, we could pull back for another week. But I think by the end of June our neckline will break and we'll be on our way.
Best,
Stew
ملاحظة
Right shoulder decided to accumulate more. Took longer than originally anticipated to play out. But formation is still valid. Additionally, we have the 50 crossing up the 200. More confirmation 4100 target will be hit soon.ملاحظة
Nearing Target now!ملاحظة
Exactly as planned. $4100 now breached. If it breaks and is confirmed, it will signal the start of more altcoins beginning to make their move. ملاحظة
ETH with a clear command to ALTCOINS, "Follow me!".ملاحظة
ETH held $4100 as expected. Higher now!
Stewdamus Trades -
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stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.