ETH forming Head and Shoulders top

Short

Ethereum / U.S. Dollar (COINBASE:ETHUSD)

COINBASE:ETHUSD Ethereum / U.S. Dollar

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trendanalysis chartpattern indicator eth

target is confluent with the 4H 200 EMA but this means it breaks back into the ascending triangle .

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Comments

FAIL.

Nice idea!

I guess now it will be a H&S down to retest the breakout of the triangle at 248 with neckline at 270? Seems to jive....tho I'm not eager to pile in ETH shorts now. looking to long retrace

Careful with ETH shorting, mate.
ETHBTC breakout of ascending trangle:

ft-73

@ft-73, ETHBTC matched the theoretical ascending triangle target in the 0,033 area.
Now i'd expect cooling down and retracement.

looks like it turns into a head with horns ;)

martinweb

@martinweb, it is called a bart's ear.