Time Frame: 2 hrs
>It looks like Eth is finishing a head & shoulder in short term (2hrs), but a break above 525 may also abort this pattern and trigger an uptrend price up to 540.
>A break in 540 may trigger a bullish momentum, however a break below 480 may abort a bullish momentum and trigger a sell off up to 430
>The price is currently getting squeezed between 500 and 520, in green tend line, a break below will make a new pattern or may follow the orange trend line or a sell off to 480
>Ether is still following BTC movement after the recent upward momentum. Any rise/fall in BTC price may still abort any pattern eth is building atm.
*Disclaimer;
This TA is my very first one, totally a novice work. This is not a financial advice.
>It looks like Eth is finishing a head & shoulder in short term (2hrs), but a break above 525 may also abort this pattern and trigger an uptrend price up to 540.
>A break in 540 may trigger a bullish momentum, however a break below 480 may abort a bullish momentum and trigger a sell off up to 430
>The price is currently getting squeezed between 500 and 520, in green tend line, a break below will make a new pattern or may follow the orange trend line or a sell off to 480
>Ether is still following BTC movement after the recent upward momentum. Any rise/fall in BTC price may still abort any pattern eth is building atm.
*Disclaimer;
This TA is my very first one, totally a novice work. This is not a financial advice.