ETH H&S measured move $1050

Short

Ethereum / TetherUS (BINANCE:ETHUSDT)

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BINANCE:ETHUSDT Ethereum / TetherUS

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I found confluence with previous bottom channel support, and ETH current H&S measuring out to $1050. The price target intersects the bottom of the channel towards the end of Sept, which I drew the line. Considering the breakdown of the SP500 and nasdaq from the daily 200 ema, DXY on the rise, and quantitative tightening, ETH should have no problem getting down there. Still holding on my ETH3XShort from the top of the previous rising wedge.

Commentaire:

The macro top head and shoulders, has just completed. Target nearly hit, by a a few bucks. Is the bottom in now?

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