ETHUSD is forming a head & shoulders pattern on the intraday chart. If this pattern were to break through the neckline and be confirmed it has a $195 price target.
Before bulls get too excited there are some things to keep in mind... 1.Price MUST break the neckline first or there is no H & S. 2.This pattern is forming into a massive selloff. Expect selling pressure on any rally attempts. 3.This is an intraday pattern. Intraday patterns are notoriously less reliable.