I see a possible head and shoulders forming on the hourly.
I also see the possibility of bouncing here leading to a large fall on the 4h timeframe.
There are signals showing ETH is overbought on the 4hr and daily.
I would like to see a break to new ATH but thought I would play devil's advocate since all I see are long posts. I am unsure how to go about explaining myself more as I'm new to this so BEAR with me ;)
Nicely done, time for this bad boy to cool off a little.
H0dle
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right shoulder cant be taller then the head, the neck line is ll f'ed up. this is a poor h&s visual
Cailthria
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@H0dle, good call, thank goodness i didnt short this. I'd have so much profit...oh wait
Just because head and shoulders doesnt appear perfectly on the timeframe doesn't mean it isnt relevant.
Cailthria
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@H0dle, and to be clear I collected my profit from the short already, waiting to see if it bounces this support or falls. That will be the real result that needs attention