JoeyRocket

$87 Ethereum - Head and shoulders confirmed

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
Anything can happen with ETH but this is pretty apparent. Wish I seen it earlier but I wasn't really looking for it. I've been so busy charting BTC and I don't hold much Ethereum . If it does get this low, hopefully it bounces back quickly. I am no guru, please get several opinions before making choices on chart predictions.

Share your thoughts.

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this is actually a pretty useful pattern and we may very well go to 87 dollars but if this pattern does play out we should still see a bounce back up very short term back up to 500 dollars or so before we move any further downward and right now is a beautiful opprutinity to buy
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JoeyRocket jordanmorin13
@jordanmorin13, I agree about the opportunity. I think the same for a fair amount of projects right now since I'm more of a long term kind of guy. I want to see everything moon. I think ETH, BTC and much of the top ten is a steal right now in the grand scheme of things. Thanks!
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@sykXBT, So what you're saying is you're 100% sure?
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sykXBT JoeyRocket
@JoeyRocket, comment back in a few months ;)
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@sykXBT, I'll take that as a no since it wasn't a yes ;) Either way I hope you're right. I want all of crypto to moon
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Left shoulder is dodgy, you haven't confirmed the volume requirements for a Hns
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JoeyRocket fcgtrading
@fcgtrading, volume during the advance of the left shoulder should be higher than during the advance of the head - Check
The next warning sign comes when volume increases on the decline from the peak of the head, then decreases during the advance of the right shoulder.- Check and then yea there was some decreasing on the decline from the peak of the head but then from march -April as on the way down from the peak volume shot up so looks like a check again.
Final confirmation comes when volume further increases during the decline of the right shoulder.- Check, volume is still rising during the decline of the right shoulder

Please let me know where you see holes, thanks
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H&S only appear in bull markets
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Nice chart Joey! ETH definitely looking pretty sick (in a bad way), unfortunately most other alt coins not looking too much better. The pain continues!
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