Inverse Cup and Handle Spotted on Ethereum
#ethereum #ethusd #ethusdt #short #inversecupandhandle #chartpatterns
TBH Traders, Ethereum is not looking good right now from a technical standpoint:
#1 - Still haven't reached the target down area from the larger H&S pattern
#2 - Trend is still overall downward
#3 - Inverse Cup and Handle Pattern now formed
We are currently sitting on critical support which is also the neckline of the inverse C&H. If that breaks, target down area is at least $1000. Watch this closely!
Stew
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