Hello crypto friends! Looks like we may be forming a potential head and shoulders pattern (Bullish) with a target a little over $240.
As of right now the price of the right shoulder has surpassed the price of the left shoulder. As long as the price stays below the head of the H&S we will be one step closer to the moon. I do see some minor resistance at 223.23 (This could be the top of our right shoulder before touching our dashed red line again.
As always, nothing is confirmed until the pattern is complete and the neckline is broken then followed by strong buy volume.
Tell me your thoughts of my chart! Am I missing anything!? Where do you think the market is heading? Any new crypto noobs in the audience today?
-Jas
As of right now the price of the right shoulder has surpassed the price of the left shoulder. As long as the price stays below the head of the H&S we will be one step closer to the moon. I do see some minor resistance at 223.23 (This could be the top of our right shoulder before touching our dashed red line again.
As always, nothing is confirmed until the pattern is complete and the neckline is broken then followed by strong buy volume.
Tell me your thoughts of my chart! Am I missing anything!? Where do you think the market is heading? Any new crypto noobs in the audience today?
-Jas
Comment:
Looks like a smaller right shoulder than I anticipated.