ETH is preparing for a breakout or breakdown.
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- Head and shoulders pattern in play.
- Symmeterical triangle nearly done.
- Possible ascending triangle still in play.
> Looking at the volume it's contracting right now and trading range as well. <
Looks like we will test the side wards resistance once more. If we break past it, it's most likely a ascending triangle in the works.
Watching this from the sideline right now.
Good luck
-------------------------------------------------
- Head and shoulders pattern in play.
- Symmeterical triangle nearly done.
- Possible ascending triangle still in play.
> Looking at the volume it's contracting right now and trading range as well. <
Looks like we will test the side wards resistance once more. If we break past it, it's most likely a ascending triangle in the works.
Watching this from the sideline right now.
Good luck
Comment:
Obvious IHS on 4h timeframe
Comment:
Fakeout :)
Comment:
It's clear that ethereum wants and needs to complete this pattern, new analysis coming soon !