Crypto_Fro

ETH/USD Head and Shoulders Market Reversal Pattern (Monthlly)

Short
BITFINEX:ETHUSD   Ethereum
ETH/USD Head and Shoulders Market Reversal Pattern playing out on the Monthly.

Head: $4.8K Q4 2021
Shoulder: $2k
Neckline: $1270

I expect a lot of market participants took advantage of the Q2 2022 bearish rally to hedge/short ETH. Continuation down going into 2023.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.