Dtradess

Ethereum Inverse H&S signaling $300

Long
Dtradess Updated   
COINBASE:ETHUSD   Ethereum
Not financial advice

Ethereum looks likes it's getting ready for another move up. Bitcoin on the other hand could be searching for a daily lower high in comparison to the mid 10,000's. Which would indicate more red to come. With this in mind I would caution you to keep an eye on BTC.
Comment:
Looking great so far. Pullback from resistance zone as expected. Now looking for continuation. Stops could be set under our new hourly low at $274 if you want to be safe.
Comment:
Keep in mind we can head over $300. $300 is just the target for this particular IH&S pattern.
Comment:
Looks like BTC dumped and took the market with it, hopefully anyone trading had a stop set at $274. I'd consider this pattern toast. Looks like more red to come now.

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