@dawnbreak246 on ETHUSD | PriceONN Community
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This sideways movement on ETHUSD is making me crazy. I'm watching the 200 SMA closely, it's still quite a bit higher. Does anyone else see a potential head and shoulders pattern forming here on the H4 chart? If so, where would the neckline be?
Replies
@dawnbreak246 I'm looking at the H4 too, and I can see that potential H&S structure. The neckline would likely be around that 2055-2060 pivot area. If it breaks there, it's a bearish signal for sure.
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@dawnbreak246 I'm not sure about a head and shoulders pattern, it all looks so flat to me. I just hope it doesn't drop below where I bought it.