Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH update.
ETH is forming a head and shoulder pattern in the 8hr time frame and currently, it is forming a right shoulder of this pattern. Also, bouncing from the 200MA So I'm expecting a bounce from here and there is a high probability that we might see ETH again at the $1700 level before its MERGE event in September.
Expecting the last leg up from here and after the merge event, we see a continuous downside movement.
Invalidation:- Candle close below the neckline and 200 MA
What do you think?
Do you also think that we might see the last leg up before the merge event or do you think that it is continuously going down?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this ETH update.
ETH is forming a head and shoulder pattern in the 8hr time frame and currently, it is forming a right shoulder of this pattern. Also, bouncing from the 200MA So I'm expecting a bounce from here and there is a high probability that we might see ETH again at the $1700 level before its MERGE event in September.
Expecting the last leg up from here and after the merge event, we see a continuous downside movement.
Invalidation:- Candle close below the neckline and 200 MA
What do you think?
Do you also think that we might see the last leg up before the merge event or do you think that it is continuously going down?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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