EthereumShort
ETHEREUM 4 HOUR REVIEW - RETEST OF NECKLINE AND LOWER?
Hello All,
As we take a look at the pretty ugly 4 Hour chart n ETH you can see how it has broken down through the questionable Head and Shoulders pattern I was observing. This is pretty disappointing given the strength we saw towards the end of last week. At this moment in time ETH has once again flipped bearish until we can retake and break the 255 Level! What I'm currently looking for is a throwback to the neckline on my chart at around 229 , where I would consider a short position if rejected and then a move back down to support at around 192. If we break there we are looking for a retest of the lows.
After years of trading I'm finally going to be sharing my thoughts and analysis of the markets on a daily basis.
Please follow me and give me a like as I continue my adventures in the Crypto Markets.
Comments and Discussion are always welcome as the views of the many trump the opinions of the few.
This is my own personal analysis and I do not give financial advice.
As we take a look at the pretty ugly 4 Hour chart n ETH you can see how it has broken down through the questionable Head and Shoulders pattern I was observing. This is pretty disappointing given the strength we saw towards the end of last week. At this moment in time ETH has once again flipped bearish until we can retake and break the 255 Level! What I'm currently looking for is a throwback to the neckline on my chart at around 229 , where I would consider a short position if rejected and then a move back down to support at around 192. If we break there we are looking for a retest of the lows.
After years of trading I'm finally going to be sharing my thoughts and analysis of the markets on a daily basis.
Please follow me and give me a like as I continue my adventures in the Crypto Markets.
Comments and Discussion are always welcome as the views of the many trump the opinions of the few.
This is my own personal analysis and I do not give financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.