ETH 4H Analysis: Inverse Head & Shoulders in the Making? 🚨🚨
If you look at ETH on the 4-hour time frame, you’ll notice that it is currently forming an inverse head and shoulders pattern.
Right now, the pattern is not fully formed, and I’m not saying the market is bullish yet. My point is simply that the pattern could develop this way.
Another important thing is that even if the inverse head and shoulders pattern does form, the key factor to watch will be whether it actually breaks out, or if it gives a fake breakout and drops again.
Read everything carefully 🙏
I’ve clearly said that the pattern is still forming, not completed yet.
Secondly, even if the pattern forms as shown in the chart, whether it breaks out or not will be decided by the market at that time.
I believe guidance is important so you can understand every possible scenario. It took me years to learn all this, and I’m always willing to guide anyone who wants to learn.
And if any kind of news hits the market whether it’s good or bad prices can be manipulated. In such situations, patterns often fail to work, because at that time the market is driven purely by price manipulation rather than technical setups.