This setup requires investigation on the lower time frames as were this head and shoulders to play out its a move to 2032.
But if ETH moves lower then so will BTC and as I'm long in some places I dont like the sound of that .
So lets take a took at ETH from some lower time levels and see if we can understand whats going on here.
But if ETH moves lower then so will BTC and as I'm long in some places I dont like the sound of that .
So lets take a took at ETH from some lower time levels and see if we can understand whats going on here.
Comment:
However for the current setup after crossing the dashed green line ETH has failed to break out above the top of the range and has instead fallen out of the triangle .
On the graph below ETH should have followed the path of the yellow line .
Instead ETH has formed a double top and a head and shoulders in one of the tops which looks like ETH is going to move to 2050
On the graph below ETH should have followed the path of the yellow line .
Instead ETH has formed a double top and a head and shoulders in one of the tops which looks like ETH is going to move to 2050
Comment:
could get problematic if ETH decides to take the 2018 path shown below
Comment:
Note : irrespective of how the ETH chart looks currently if BTC breaks upwards then ETH will also move up.
we also see the same behavior in March 2020