ETH, looks like a long way down.

16 sept 2022

Hey everyone, just some quick TA. On HTF there is a H&S unfolding. Monthly open lost (1554) now opens the flood gates to lower prices. Based on fibs and where previous lows are it appears those lvls will be reached sooner rather then later. 1.618 lines up around $900 which also coincides with previous lows. This is not financial advice just what I’m seeing in the charts and what looks likely to play out. Also factoring in fed meeting next week on the 22nd with an expected .75 basis points. Don’t be surprised with a 100 basis point rise and markets to react negatively. Well that’s how I’m playing it.

Good luck happy trading!

NFA