After breaking out of a long term downtrend (since launch) in late Jan 2017, we made a local high at 0.00339911 and been bleeding out since.
Inverse H&S forming here with the neckline resistance at 0.0021. Breaking above with good volume will confirm the reversal. If volume is significant, we can see this lead to a quick continuation of the bull trend with new highs, otherwise lead to further consolidation within structure before any major move.
Long if it breaks above iHS neckline.
Inverse H&S forming here with the neckline resistance at 0.0021. Breaking above with good volume will confirm the reversal. If volume is significant, we can see this lead to a quick continuation of the bull trend with new highs, otherwise lead to further consolidation within structure before any major move.
Long if it breaks above iHS neckline.