Get started
Mohsen_Abbassi

Daily channel going to break

Long
Ethereum / TetherUS (BINANCE:ETHUSDT)  
Mohsen_Abbassi  
BINANCE:ETHUSDT   Ethereum / TetherUS
Support and Resistance Head and Shoulders Parallel Channel
3
0
supportandresistance headandshoulders parallelchannel
salaam

The daily channel has tested several times.

Also, there is an inverse head and shoulders in H4.

The projected target for it is about 2070 as shown:

snapshot

The trend line in H1 could break to the downside.
In this case, ETH could retest the 1680-1700 area.

Risk management

Good luck
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.