ETH has painted an inverted Head and Shoulder patter... will it be confirmed?
For this to happen we need to break above the neckline. If yes, we will most likely re-test our ATH at $2k.
Price wants to move up, but watch BTC (see my idea linked below), if we get rejected on BTC which is just below resistance, then ETH may be in trouble too.
We will know by tomorrow evening where we're headed. For now ETH has maintained its bullish momentum. We also have a higher low on price.
RSI also painted a higher low and MACD wants to cross on the positive side. If we have continuation we're gold. If not... some bad times ahead. Best to be patient now.
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For this to happen we need to break above the neckline. If yes, we will most likely re-test our ATH at $2k.
Price wants to move up, but watch BTC (see my idea linked below), if we get rejected on BTC which is just below resistance, then ETH may be in trouble too.
We will know by tomorrow evening where we're headed. For now ETH has maintained its bullish momentum. We also have a higher low on price.
RSI also painted a higher low and MACD wants to cross on the positive side. If we have continuation we're gold. If not... some bad times ahead. Best to be patient now.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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