I have adapted the bearish RED pattern in Ethereum (ETHUSD) as the PRIMARY pattern, and it could take Ethereum all the way down to 1150!
I had the 'trapdoor' opening point set in the 2900-3000 support region, and yes, we have broken below it! We may already be in the 3rd wave of the C-wave down! I have started to unload my positions in Ethereum as we may not...
1. Classical Head and shoulder pattern best visualized in weekly
2.Bearish Rsi divergence continues
3.Possible reversal and a Bearish cypher Formation
4.Reversal of right shoulder can occur on completion of the cypher at weekly resistance level/PRZ , or more likely at reciprocal AB=CD level which is also a weekly resistance on the traditional pivot...
