Ethereum is currently painting a possible large head and shoulders pattern that could lead to lower prices if bulls are not able to secure this area. A head and shoulders is created when we see a large inflation in price after a small consolidation, then a large drop, which is then followed by another consolidation phase.
We believe that if played out correctly, a drop of about 15-20% can occur based on our observations.
Please take a look at our previous post on Ethereum's bullish and bearish cases:
Trade Safe.
X Force
We believe that if played out correctly, a drop of about 15-20% can occur based on our observations.
Please take a look at our previous post on Ethereum's bullish and bearish cases:
Trade Safe.
X Force
🌎 Telegram | t.me/xforceglobal
📢 Twitter | twitter.com/XForceGlobal
▶️ Youtube | www.youtube.com/c/xforceglobal
📢 Twitter | twitter.com/XForceGlobal
▶️ Youtube | www.youtube.com/c/xforceglobal