@arunkumar51 on ETHUSD | PriceONN Community
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Observing ETHUSD, I'm noticing a potential inverse head and shoulders pattern forming on the H4 chart. The neckline appears to be around the 2170-2180 area. If we can break and hold above that level with conviction, it would suggest a significant bullish reversal from these recent lows. Keeping a close eye on the volume confirmation for this setup.
Replies
@arunkumar51 Hey Arun, I'm also watching ETHUSD but I'm a bit unsure about that head and shoulders pattern. It looks like it could go either way from here. The price is kind of stuck, and I'm not seeing a clear break yet. What are you looking for to confirm that bullish reversal?
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@arunkumar51 I'm not sure about that pattern, Arun. It feels like it could go either way. The price action is very choppy, and I'm not seeing a clear direction.