Ethereum Is Forming A Major Head-Shoulder-Formation!

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Hello Traders Investors And Community,

Welcome to this analysis about Ethereum , we are looking at the 4-hour timeframe perspective, the recent events, the established formational developments, what we can expect in the upcoming times, and how to possibly handle these situations in an appropriate manner. As Ethereum has before the current formation formed showed up with strong upside volatility and exaggerated bullish in which it also managed to form a new all-time-high it now initially pulled back from there which was good for us to achieve profits on the short-side, now as this is done I discovered the underlying formation Ethereum is now establishing that will be crucial for the next destinies, it is highly important to elevate the proper validations upcoming times.

Established Developments:
As when looking at my chart we can watch there how Ethereum is now developing this huge head-and-shoulder-formation with the neckline marked in blue and the left shoulder as well as head already completed in the schedule, the recent times Ethereum is about to form the right shoulder within the structure in which it already moved to the upside and directly into the descending-resistance-line marked in my chart in red from where a pullback to the downside is highly likely which should also be expected here, this pullback will confirm to the wave-development Ethereum is currently within with the wave C remaining as it is marked in my chart, this wave C will first move into the neckline from where the further conclusions will be made.

Upcoming Perspectives:
Taking all these factors into consideration Ethereum will move on with the final conclusions once the right shoulder has formed and moved into the decision-zone marked in my chart with the orange box. Basically, there are two possible outcomes after this happened and it is of high importance to wait on the proper confirmation then nevertheless with the current structure established the bearish scenario has a higher possibility than the bullish however this needs to be rightly validated and it will be crucial how Ethereum moves into the decision-zone and shows up further from there, till then we need to keep patient and prepare on the incoming changes in direction or continuations ahead to take appropriate action.

In this manner, thank you for watching the analysis, have a good day, great contentment for everybody supporting, all the best!
"Trading effectively is about to assess possibilities, not certainties."

Information provided is only educational and should not be used to take action in the markets.
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everything about that HnS is invalid lol, and you're on the most popular page, just goes to show how little TV users know about TA.
+22 Reply
@MikeJoseph, yes but he is still here. %90 of his post are busted heavily. i use him as a reverse indicator
+9 Reply
Trendymanners MikeJoseph
@MikeJoseph, There is a clear Channel with 3 touches perfectly formed at the bottom and 2 touches at the top. The Channel boundaries are perfectly parallel. Top boundary is around 1500. That is probably the next destination imho.
JiminyCricket MikeJoseph
@MikeJoseph, quantity over quality
HesamUNT MikeJoseph
@MikeJoseph, im using H&S only in key lvl, left shoulder should reject b4 touch the key zone, head will reject from the zone, and then right shoulder will b somethings like 0.618 or .786 fib from the head
thats the only way im using H&S
ETH just broke out of your triangle.
+10 Reply
metal_firtina_01 ro.goudreau
@ro.goudreau, he is a reverse indicator, his analysis are very low qualified
+1 Reply
thank you my reverse indicator. you have been so helpful :)
+6 Reply
Its amazing how many people lost an opportunity because of shit TA like this.
+3 Reply
Rubbish. If everything can be counted as H&S, my monkey could do TA
+3 Reply
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