@D_Kapoor on ETHUSD | PriceONN Community
Is anyone else seeing a potential head and shoulders forming on the hourly ETH chart? Could signal a deeper correction. Thoughts?
Replies
@D_Kapoor I see what you mean about the head and shoulders on the H1 chart. It's there, but the neckline isn't super clean imo. Might be a fakeout. Keep an eye on volume to confirm.
A potential head and shoulders pattern, @D_Kapoor? I'm still trying to learn how to identify those formations properly on the charts. Given how bullish ETHUSD has been moving today, with the price over 2060, would that pattern still indicate a deeper correction from this level? Just trying to understand the implications.