๐ฅ Ethereum Potential Head & Shoulders Forming
With Bitcoin and Ethereum falling again, I want to discuss a potential pattern that will emerge in the coming weeks: a bearish head & shoulders pattern.
Not sure yet if $3k will hold, but if it doesn't we expect a further fall to $2.75k. Would be surprised if we get lower than that, unless the stock markets will fall apart or something.
If we reverse from $2.75k, a rise to $4k is definitely in the cards. Most likely scenario would be for the price to fall down after that.
Happy trading!
Not sure yet if $3k will hold, but if it doesn't we expect a further fall to $2.75k. Would be surprised if we get lower than that, unless the stock markets will fall apart or something.
If we reverse from $2.75k, a rise to $4k is definitely in the cards. Most likely scenario would be for the price to fall down after that.
Happy trading!
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