Safori

Inverse H&S Set Up for $9800 Restest

Long
Safori Updated   
POLONIEX:BTCUSDT   Bitcoin / Tether USD
The falling wedge is resolving itself into an inverse H&S pattern. A break of the current neckline sets us up for another stop hunt that could force price action up in a series of big spikes and contracted consolidations. Stops should remain at 9k, and expect an extended period of chop in the 9.6-10k range before continuation.
Trade closed: stop reached
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.