Linda! ETHUSDT->H&S and breaking the uptrend. What will come next? Binance: ETHUSDT By RLinda – Technische Analyze – 2022-09-05 07:02:15

ETHUSDT split it up:
Global trend continues bearish And no strong price reaction yet to change that, we recently saw one rising movement, which many viewed as a trend-breaking. After price tests trend line From November 2021, the price reacts and forms a strong bearish impulse and when it pulls back it consolidates below the trend support and here we see the formation of H&S pattern.

new downtrend channel It started forming on the chart (also two, local and global. Global resistance is trend line . The price reaches the right shoulder of the pattern and breaks the support, but a technical pullback is forming and the price is still in the shoulder area, but below the strong resistance (after the false breakout) at 1597.5.

I assume that if this pattern does not break and the price continues in the position below the resistance of 1957.5, then there is a high chance of the continuation of the movement in support of the 915 series. There are also major liquidity areas below, which the price can look forward to. The short-term target is the 1361 support, and the medium-term target is the 915 liquidity area.

Sincerely, R. Linda!

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