myfye13

Ethereum could be forming H&S

Short
myfye13 Updated   
BITSTAMP:ETHUSD   Ethereum
1st test: $275 - resistance must hold here
2nd test: A break below $262, finishing the right shoulder, would confirm the H&S pattern.

No support until $230

I'm bullish on Etherum long-term. That said, I'll be waiting for the break below $262 to make any move.
Comment:
Closed half short position

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