@chloeryan67 on ETHUSD | PriceONN Community

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chloeryan67 PRO newbie
ETHUSD Mar 25
I'm watching ETHUSD and I think I see a bit of a head and shoulders pattern forming on the hourly chart. The left shoulder was that spike up earlier, then the head was the peak around 2190, and now it looks like the right shoulder is trying to form near 2175. If it breaks below that neckline around 2160, it might be a sign of a bigger drop.
ETHUSD

Replies (2)

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chloeryan67 PRO newbie Mar 25
Yeah, that neckline I mentioned is really key. If it fails there, I don't know what happens next.
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ZainabI40 PRO newbie Mar 30
@chloeryan67 Hey Chloe, I'm watching this too. That head and shoulders thing you mentioned is making me a bit nervous, especially since I'm new to this. I don't really get all the fancy chart patterns, but I do see how the price has been struggling to get past that resistance level you talked about. If it breaks down like you're saying, I might have to cut my losses early. I just bought some ETH at what felt like a good time, but now I'm worried I FOMOed in at the wrong spot. Hope it holds!
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