The_Magician

Ethereum On The GO ??? How To Know!

Long
BITFINEX:ETHUSD   Ethereum
Eth has broken the neck line of an inverse head and shoulders pattern it has been forming. Price needs to get above the resistance line in pink and make it support, to confirm a move higher towards the targets seen on the chart. It has also formed and confirmed a cup and handle pattern inside this inverse head & shoulders and those targets can be seen on the chart as well. However if price was to break back down thru the dark blue neck line, the pattern would be negated and lower prices would be on the cards. Otherwise looking good, wait for the confirmation.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.