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ETH - 1hr Head and Shoulders Pattern

Keep an eye on the developing Head and Shoulders pattern on the 1hr chart for Ethereum, a break below $1,215 USD would signal a potential move to around $1,150 USD, whilst this pattern has little to no bearing on the overall trend of ETH, i understand that there are those who wish to trade all available setups.

תמונת-בזק

Notice the lower readings on the MACD, hinting that momentum may be waning on this most recent move higher, only time will tell.


-TradingEdge
Chart PatternsCryptocurrencyETHetherEthereum (Cryptocurrency)ethereumusdTechnical IndicatorsTrend Analysis

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