@AMohammed38 on ETHUSD | PriceONN Community
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I'm seeing a potential inverse H&S forming on the 1-hour chart for ETHUSD. The left shoulder was that dip to around 2000, the head was the lower low, and now the right shoulder is building. If it breaks that neckline around 2040 with some volume, I'm going to YOLO in. Seems like a decent risk/reward setup.
Replies
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Hey @AMohammed38, yeah I saw that H&S setup too. Looks promising but that neckline break needs solid volume for me. I'm a bit skeptical, might be a dead cat bounce after that earlier pump. Definitely watching it though, could be a decent entry if it confirms. NFA.
Yo @AMohammed38, I'm watching that H&S pattern you're talking about on ETHUSD too. It's definitely there on the 1hr chart, no doubt. But that neckline around 2040? It's gonna need some serious firepower to break through convincingly. I'm not sold yet. The volume has been meh, and we've seen these fakeouts before. Remember that pump earlier that just died? I'm looking for volume to really spike on the breakout, otherwise, I'm staying out. Risky to YOLO without confirmation, even with good risk/reward on paper.