ETC - Head and Shoulders Short

Ethereum Classic / TetherUS PERPETUAL CONTRACTBinance

Description

⋅ Oct 27, 2022 10:43 AM

After its remarkable run, ETC seems to have topped its price action above $26.

It currently has formed a head and shoulders pattern on the 1H time frame which seems to suggest that further price action to the downside is expected.

Would open a short here with:
TP: $23
SL: $26