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In the chart we are seeing an inverse H&S forming, we just need the confirmation of the right shoulder.
60.000 resistance have to be cleared out for price to start trending towards the targets.
RSI action is narrowing inside the peanut pattern, i am waiting a break of the peanut for the H&S to start playing out.
First Target 64.000$
Second Target 70.000$
Don't forget to protect yourself with proper Risk Management.
Information provided is only educational and should not be used to take action in the market !
Feel free to ask anything in the comments or send me a message !
Thank you for reading my post, have a great day, wish you all the best !
In the chart we are seeing an inverse H&S forming, we just need the confirmation of the right shoulder.
60.000 resistance have to be cleared out for price to start trending towards the targets.
RSI action is narrowing inside the peanut pattern, i am waiting a break of the peanut for the H&S to start playing out.
First Target 64.000$
Second Target 70.000$
Don't forget to protect yourself with proper Risk Management.
Information provided is only educational and should not be used to take action in the market !
Feel free to ask anything in the comments or send me a message !
Thank you for reading my post, have a great day, wish you all the best !
Comment:
Everything still in play the right shoulder just formed a bit lower.