ETH looks like its forming a Head and Shoulders pattern with the left shoulder and head mostly completed. I am expecting the right shoulder to complete its formation around the 0.5 mark ($1025) which just happens to be where the moving average also lies and has acted as support in the past.
This setup is freakishly similar to that of the bull run in 2017/2018 where the right shoulder also completed its formation at the 0.5 level ($733-ish) and touched the moving average.
This is my first idea! Please leave some constructive criticism :)
This setup is freakishly similar to that of the bull run in 2017/2018 where the right shoulder also completed its formation at the 0.5 level ($733-ish) and touched the moving average.
This is my first idea! Please leave some constructive criticism :)
