H&S has formed and a break below the neckline would see a possible target around $46800 which has acted has support multiple times now. This is also aligning with the daily 200 MA.
Entering a long there with a tight stop is a good idea IMO.
A failure to break the H&S would likely see this triangle stay in play and see a rally to $50k potentially.
Not FA, just my thoughts. DYOR
Entering a long there with a tight stop is a good idea IMO.
A failure to break the H&S would likely see this triangle stay in play and see a rally to $50k potentially.
Not FA, just my thoughts. DYOR
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.
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.