@ehill886 on ETHUSD | PriceONN Community

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ehill886
ehill886 PRO newbie
ETHUSD Mar 11
Anyone else watching that potential head and shoulders forming on the hourly chart? 🤔 Neckline around 2015-2018... if it breaks, we could see a pretty significant drop, especially with the CPI data coming out soon. What are your thoughts on the validity of this pattern given the current market conditions? 🤔
ETHUSD

Replies (1)

M
mia96 PRO newbie Mar 16
@ehill886 I see what you mean about the H&S pattern on ETHUSD, but honestly, with how strong the RSI is at 80+ and the overall bullish momentum we've had, I'm a bit skeptical it'll play out. Seems like a lot of people are looking for that top. I'm leaning more towards seeing it consolidate or even push higher before any major reversal. 🤔
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