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Ethereum / TetherUS

ETH Short Term Analysis

By EncryptedKvng
Updated
My chart is self-explanatory but i'll endeavor to explain even further. ETH on 2H/4H is forming an inverse h&s, which will hold if the right shoulder doesnt break below the support line of 1980-2150$. And we may see a stepwise rise once again. Trade smart & stay safe
Comment
snapshot

Right shoulder held at support level around $2186 with right shoulder a little bit on the higher side of the left shoulder. ETH price action becoming very bullish, heading towards your resistance level of the neckline
Trade active
Please ensure to take profit @3200, a more agressive approach will be to take profit @3600.
snapshot
Chart PatternsInverse Head and ShouldersTrend Analysis

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