There needs to be confirmation, but I believe and am hoping for an inverted H and S formation within the descending wedge. If not, it's just gonna fall further and that's not fun to believe in.
If it truly is a heads and shoulder pattern and price pierces through the neckline, I expect a breakout to 3200 SATS. This would also test a resistance. Let's revisit this near the end of March/beginning of April to see where this bring us.
If it truly is a heads and shoulder pattern and price pierces through the neckline, I expect a breakout to 3200 SATS. This would also test a resistance. Let's revisit this near the end of March/beginning of April to see where this bring us.
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Looks like the right shoulder is beginning to form! But unfortunately, with the current crypto bloodbath, the desired results may not come to fruition. Volume is needed to help continue curl the price action upwards. Let's hope market sediment changes fairly soon!
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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.