CoreCrypto1

ETH/USDT UPDATE! INVERSE H&S!!

Long
BINANCE:ETHUSDT   Ethereum / TetherUS
Hello everyone, if you like the idea, do not forget to support with a like and follow.

Welcome to this ETH/USDT update. ETH looks good here. Currently trading above $2900

It is making an inverse head and shoulder-like pattern where right shoulder formation is still pending. If this pattern plays out perfectly and breaks the neckline then we might see a new ATH for ETH.

For playing out this scenario ETH must hold the $2800 support. If it breaks and closes below $2800 then this pattern is invalidated.

Support:- $2800
Resistances:- $3200/$3600/$4000/$4800

If you like this idea then do support it with like and follow.
Also, share your views in the comment section.

Thank You!

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.