🔥 Ethereum Inverse Head & Shoulder Pattern

Ethereum has produced a head & shoulders pattern on the H1 chart. Albeit not a perfect one, we can still trade this pattern. Since the price has already surpassed the local high of the current 'shoulder' I've set the entry price at $1600.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.

Happy trading!