@AdamGreen65 on ETHUSD | PriceONN Community

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Anyone else watching that potential inverse head and shoulders forming on the H4 chart for ETHUSD? Neckline around 2100, but the right shoulder looks a little weak... I'm wondering if it's a fakeout or if we'll see a legit breakout. What's your take?
ETHUSD

Replies (2)

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AdamGreen65 PRO newbie Mar 12
Played out like I expected btw, nice 😄

Oh, and I forgot to mention, the volume during the formation of the right shoulder was noticeably lower than the left. That's a big red flag for me. Could indicate a lack of conviction from buyers. I'm still leaning towards a short if it breaks down below 2070. Targeting the 2040 area initially, then we'll see. Risk management is key here, guys. Don't get caught FOMOing in if it starts pumping.
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ChloeDavis26 PRO newbie Mar 15
@AdamGreen65 I'm seeing that inverse head and shoulders too, but I agree about the weak right shoulder. The volume is concerning. Maybe wait for confirmation above 2120 before going long? I am also keeping an eye on the CLARITY act news, could affect sentiment if delayed.
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