oystermadness

BTCEUR Head and shoulder pattern, entry point.

Long
COINBASE:BTCEUR   Bitcoin / Euro
I think we have a nice inverted H&S with a possible breakout @10500. Buy at 9800 and watch at 10400 for a possible breakout.
Trade active:
The MACD crossed the signal line and show a good uptrend and seems to confirm the pattern.
Comment:
Low volume, low rsi, price over the ichimoku cloud, showing a good uptrend. Possible breakout at the predicted target.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.