Speculating on a Long here for a potential target of $56k close to October.
(Distance of Head + Right Shoulder + previous structure POC)
Negative Neckline, 0.5 FIB and volume POC to hold. (confluence).
Easy invalidation, good RR.
Invalidates if price closes below neckline/swing low support at $38k.
Appreciate any comments and criticism.
Thank you for your time!
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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.