On the daily timeframe, SAGA/USDT is presenting a bullish reversal pattern in the form of an Inverse Head and Shoulders, further validating the its high green volumes. This is a classic technical signal that often precedes a significant trend reversal, especially after a prolonged downtrend like the one SAGA has experienced.
What makes this setup compelling is that the neckline—around the $0.43–$0.45 region—is being tested. A successful breakout above this resistance would confirm the pattern and potentially trigger a strong bullish move. The height of the pattern projects a measured move toward the $0.80–$0.83 range.
What makes this setup compelling is that the neckline—around the $0.43–$0.45 region—is being tested. A successful breakout above this resistance would confirm the pattern and potentially trigger a strong bullish move. The height of the pattern projects a measured move toward the $0.80–$0.83 range.
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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.