ETHUSD 1h TA

19 mai 2016

Tested head-and-shoulder didn't allow a break down, after which the double bottom drove the market higher, conforming the daily TL (green dashed line). Now we are both in the shoulder level of the mini H&S at the all-time high, and also at the target level of the double bottom. If the market breaks above this level, it will signal further buying; on the other hand, if the green line breaks down, the double bottom level is targeted.