All it needs is some momentum - If it breakouts it should target $4,000/- Best of Lcuk!
Disclaimer: Above is not a piece of financial advice, The pattern analysis is to test and share my limited knowledge. Kindly make your own due diligence.
ETHUSD is making a bullish pattern. The Inv Head & Shoulder should target $4k. Best of Luck!
Disclaimer: Trade at your own risk - The idea is published to track my own progress towards learning the chart patterns.
A simple H & S pattern seems to be at play in USD/CAD.
The divergence on the RSI is indicating a peak.
Neck line - 1.3352
Aggressive traders can sell here with stop at 1.3460.
Wait for neck line break for confirmation.
V.
Seems like a decent Sell Setup -
Aggressive Traders can sell here OR
Just waiting for a confirmation of a
breakdown on daily chart for a short term sell trade here.
V.
A Possible Cup & Handle Reversal pattern on 4H. Aggressive traders can buy the retracement from here for a target of 1.1050 which coincides with the neck line of an earlier H & S on longer Time frame.
V.