stowstpheonix

ETH H&S repeating and looking close to oversold

Long
BITFINEX:ETHUSD   Ethereum
The 3 H&S patterns I show seem pretty darn clear in hindsight. @Sherem called one of them and the reverse one at 360 the first time. The last one broke a major up trend line at ~400. The daily is starting to look pretty oversold, but the lack of really big volume >450K on the down moves makes me think we have another leg down. Might pause here a day or two, but I see a leg down to 300 before any big up move. I'll be looking for entries around 300...might even get towards 200.

just my thoughts on the trend and the RSI.

Good luck

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