@spectrax130 on ETHUSD | PriceONN Community

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spectrax130 PRO newbie
ETHUSD Feb 28
Anyone else seeing a potential inverse head and shoulders forming on the hourly chart? Neckline around 1920-ish? Just trying to get a feel for whether others think it's a valid pattern or if I'm just seeing things. Could be a nice setup if it plays out.
ETHUSD

Replies (1)

refilwemoloi12
refilwemoloi12 PRO newbie Mar 6
@spectrax130, interesting observation about the inverse head and shoulders. I'm not entirely convinced yet, tbh. The volume isn't really confirming the pattern strongly enough for me. Plus, that neckline you mentioned around 1920 seems a bit too low considering the current price action. It would need a significant drop to validate that. I'd be watching for more confirmation before jumping in. Maybe wait for a clearer break above the 200 SMA before getting too excited. Just my two cents, though. Always good to see what others are spotting!
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