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thestocktheater

Possible Head and Shoulders forming on Ethereum. Bearish.

Long
Ethereum (BITFINEX:ETHUSD)  
thestocktheater Updated   
BITFINEX:ETHUSD   Ethereum
Trend Analysis ETH Ethereum (Cryptocurrency)
3
0
trendanalysis eth ethereum
Possible head and shoulders (bearish pattern) forming on 1H ETH/USD chart. RSI, MACD, and volume looks like its supporting this, too.
Comment:
Although the angle of the head to the shoulder is off, we are still on track for a head and shoulders pattern as long as we don't break resistance.
Comment:
Looks like ETH wants to try to break resistance for a third time. If it doesn't we're going down.
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