If price goes down but finds support higher than 54k, this formation is imminent. A sure way to exit the 50-60k zone.
The 4h 50MA is currently around 56k, which makes it a perfect support level for this kind of action.
The 4h 50MA is currently around 56k, which makes it a perfect support level for this kind of action.
Note
It's happening. Now.Note
Still an inverted H&S. A bit different, but still... Wait and see if it plays out, or we are having some other kind of situation here.Note
Completed. It took a different shape and more time but finally happened.
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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.