MohsenCapital
Short

ETH SCENARIO UPDATE (3) 170$ !

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Traders,

Here we have ETHUSD 1D chart.

After reaching our target perfectly from last update we need to take a breathe with ethereum and correction or pullback or call it as you want.

By watching the same previous levels to correct we will notice a left shoulder is formed before and now we are in the right shoulder, so we need to reach 170$ levels to confirm the pattern H&S which will be perfect to launch a rocket again to new levels will know about it after forming this one here.
Hit like if you appreciate this updates.

Kindly check main idea about Dow Explaining Everything in this chart here below:



and last update about 256$ target which is perfectly reached



Regards,
Mohsen
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Not so sure...ETH has broken out of its long consolidation area, as well as invalidating the bearish rising wedge possibility for the time being. Additionally, it broke and retested the ascending channel as support. A big correction isn't necessary at this point, as proven by what happened to AMZN after it bottomed in 2002. It'll be interesting to see if and when it deviates from this fractal.

-Victor Cobra
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MohsenCapital VictorCobra
@VictorCobra, Thanks for sharing :)
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