(See yellow circle). Why does the price keep bouncing off this white line? Because it is the H+S neckline. If you look back, you can see we have already broken it with several full daily candle closes, the price rebounded a little, but this is the final struggle before we plunge below the neckline to $17k.
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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.