ETH at neckline

After a freefall eth halted at major level of 2160 and started consolidating

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now it has formed a inverted head and shoulder
currently the neckline and the mid resistance at 2630
after the breakout and retest it can go upto 20% which will be 3200 usdt

NOTE:
* used shciff ptichfork the price bounced back from lower median
* after the confirm breakout with bullish candle trade above the 0.5 of median line(black)
* the price might bend or retrace from black median line and as per my projection there wont be parabolic move or else will have to redo the analysis
* it is a postional trade but initiate it with your own risk and trading style

let me know your feedback in comment about opinion on the short term view

happy trading ....!

Zlecenie aktywne:

eth consolidated into the old shoulder zone and broke out and now retesting