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EtherCharts
Aug 10, 2017 4:35 AM

Potential Inverted Head and Shoulders Pattern in ETH/USD Long

Ethereum / DollarBitfinex

Description

The inverted H&S is pointed out pretty clearly. As of 12:30 EDT it is still forming what MAY be a right shoulder after a dip took place the last time it tagged ~298'ish. That is approximately where the neck line is.

Keep an eye on this. Despite having run up well over ascending resistance last night (24 hours ago), the chart has shown pretty decent resilience.
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