ETH: Possible Head and Shoulders Short Opportunity!

Ethereum is currently painting a possible large head and shoulders pattern that could lead to lower prices if bulls are not able to secure this area. A head and shoulders is created when we see a large inflation in price after a small consolidation, then a large drop, which is then followed by another consolidation phase.

We believe that if played out correctly, a drop of about 15-20% can occur based on our observations.

Please take a look at our previous post on Ethereum's bullish and bearish cases:

Trade Safe.

X Force