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ChrisThein
Apr 8, 2016 8:29 PM

ETHBTC 240 Head and Shoulder Pattern Short

Ethereum / BitcoinPoloniex

Description

Price cracked the neckline on the head and should pattern on the Daily. Price is pulling back a bit for good opportunity to get short. See the blue box on the 240min chart. Price did have a good bounce off the Daily support around 0.02296, blue line on the Daily. I think once price closes below this level on the Daily then we might see a parabolic short. Good luck trading out there.
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