We are now looking at Ethereums 4 hour chart. Strictly based on what we see here from MACD lines and Head & Shoulders pattern, it appears ethereum will be making a slight increase due to momentum followed by another fall to complete the head & shoulders pattern. Ethereum is still appearing to be very bearish for the time being. Please let me know what you think in the comments/like if you agree with this. Any positive criticism helps! Thanks!
bruh do you even head and shoulders? your MACD just crossed bullish... there's an iHS forming fyi. please check babypips school for TA.
TreyA7
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@ThanhHuynhLu, Yes I could see this option happening as well, just from what I see there is not much momentum with MACD lines, I believe it will soon fall after a small rise completing head and shoulder. This is just an analysis, you could very well be right. Thank you for your comment!
bbcworldpeace
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@TreyA7, my concern is not macd honestly. it's just your HS.... you placed the neckline at the wrong place....it doesn't even touch your left shoulder and head..
TreyA7
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@ThanhHuynhLu, Yes I see what you're saying, I did not mean for it to perfectly follow the Arc I placed for the shoulders and do agree it can be confusing. It was used to show the area in which it has occurred. This is something I will take this into consideration for my future analysis. Thank you for your comments once again! I do appreciate it.