Ethereum, The Main Head-Shoulder-Formation Forming!

Hi,

Welcome to this analysis about Ethereum, we are looking at the 12-hour timeframe perspectives. Since Ethereum has shown up with these heavy bearish declines it moved into a very important reference point that is for now still holding, which is the neckline of this big head-and-shoulder-formation with the left shoulder and the head almost already completed. As Ethereum is now about to finalize the whole head-and-shoulder-formation with the right shoulder in the structure the completion either to the up or downside will come and because Ethereum has some considerable supports lying in the structure determined by the neckline and the 200- as well as 65-EMA a bullish breakout to the upside has certainly a higher possibility than the one to the downside nevertheless it is highly important to await the final confirmations before rightly moving into this direction as the possibilities can alter also.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Trading effectively is about assessing possibilities, not certainties."

Information provided is only educational and should not be used to take action in the market.