Ethereum (ETH/USD) 15-minute chart: Head & Shoulders
A head & shoulders on the Ethereum (ETH/USD) 15-minute chart, bearish. The video shows how to spot it, where to enter and where the stop and target go.
- Pattern: Head & Shoulders (bearish)
- Entry 2,374.58, stop 2,420.60, target 2,348.80
Full transcript
Ether just closed below the line that mattered.
October 18, Ether on the 15-minute chart, and the head and shoulders top confirmed today.
A head and shoulders top is three highs, the middle one highest, with the two outer highs lower and roughly level.
Connect the two lows and you get the neckline; confirmation only comes on a close below it.
Here, that close below the neckline at 2392.44 is the confirmation.
The measured target is 2348.8, and the invalidation level is a close beyond 2420.6.
It is still in play, and neither level has been hit yet.
A pattern never guarantees its target, and the same shape fails just as often.
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AI-voiced; written and reviewed by the Borearis Research Team. For education only, not investment advice. Trading involves risk.