A Head and Shoulders reversal pattern has formed on the daily chart at #ETH .
The bullish version of the pattern, called Head and Shoulders Down or Inverted Head and Shoulders, occurs at the bottom of a downtrend and means that the existing bearish trend is likely to reverse and the price will move higher.
Goals for practicing the figure are 2100-2200.
The bullish version of the pattern, called Head and Shoulders Down or Inverted Head and Shoulders, occurs at the bottom of a downtrend and means that the existing bearish trend is likely to reverse and the price will move higher.
Goals for practicing the figure are 2100-2200.