ETH UPDATE
Perfectly
formed H&S on the chart. The neckline is located at the $1520 level. According to TA rules, this line must be broken
downwards and go lower
(marked a few targets).
However, I don’t advise you to go
SHORT, at least not now. If you see a strong breakdown of the
$1520 support level, you can open a tiny position in order to catch the move.
I personally won’t open any SHORT, my goal is to accumulate crypto on any dip. The zone of $1430 - $1500 perfectly fills my needs.
