ETH Drawing A big guy on the Day chart
If This head and shoulders pattern plays out on the daily chart....
I can see Eth going to $1600.
RSI is is also on a downtrend.
ETH is Trading Below the 200 MA.
All Bad signs.
IF ETH can get enough buying pressure to break the downtrend, then this could be a decent rally back to $3050.
Ill be watching the 1Hr Chart for break out either way.
I'm guessing within the week or so.
I can see Eth going to $1600.
RSI is is also on a downtrend.
ETH is Trading Below the 200 MA.
All Bad signs.
IF ETH can get enough buying pressure to break the downtrend, then this could be a decent rally back to $3050.
Ill be watching the 1Hr Chart for break out either way.
I'm guessing within the week or so.
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