- bearish H&S pattern developing with a target drop to 0.49 area
- bearish volume and MACD divergence formed on 4h chart
- broken trendlines are in orange color, active ones are blue
- if support around 0.47 - 0.50 holds, next target is around 0.90
- if it doesnt hold, a drop to 0.30 area, which is going to be bought agressively
im here to learn, so please feel free to comment and give your perspective!
- bearish volume and MACD divergence formed on 4h chart
- broken trendlines are in orange color, active ones are blue
- if support around 0.47 - 0.50 holds, next target is around 0.90
- if it doesnt hold, a drop to 0.30 area, which is going to be bought agressively
im here to learn, so please feel free to comment and give your perspective!