DrixlRey

End of the head and shoulder, approaching last support line

COINBASE:ETHUSD   Ethereum / U.S. Dollar
After failing to hit wave 5 the head and shoulder was formed. ETH             is now currently sitting at the 840 support line. Remember the downward trend tends to match the neckline to the highest point of the middle of the head and shoulder. We may see hit the next support line before possible bouncing back to the . 50% retracement .
Comment: On target: Hit 726 for for a few minutes before massive buys. Retraced to .38%.

Resistance: 970
Support: 860

Resistance and support will be tested throughout the week. I believe we are still in a bearish market, after resistance is hit I see another downtrend back to the descending channel.
Trade closed: target reached
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out