FXAutomate

Inverted Head and Shoulders Suggests a Move Higher

Long
FXAutomate Updated   
COINBASE:ETHUSD   Ethereum
The inverted head and shoulders breakout suggests we could see a move higher towards the Monthly R2 pivot @ 4600. The weekly pivot @ 3750 will act as interim support with a break below it possibly seeing a correction towards the Daily 100 SMA @ 3150
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.