ETH daily chart and 4 hour chart forecast.
Daily chart forecast:
If the price forms a right shoulder here (at the same time the four-hour double bottom is established), if the price continues to rise, there is a chance to form a head and shoulders bottom and break through the downtrend line.
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Four-hour double bottom (the price broke the neckline of 1649.69 before it was established).
After breaking through the neckline, you can stop loss on the right foot of the double bottom (1528.93) and make a long order.
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If the price forms a right shoulder here (at the same time the four-hour double bottom is established), if the price continues to rise, there is a chance to form a head and shoulders bottom and break through the downtrend line.
-
Four-hour double bottom (the price broke the neckline of 1649.69 before it was established).
After breaking through the neckline, you can stop loss on the right foot of the double bottom (1528.93) and make a long order.
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