The neckline was broken with a strong bullish candle.
After the breakout, price is currently retesting the neckline.
This area also aligns with previous structure and trendline breakout, strengthening the case for a bullish continuation.
Two possible bullish scenarios are outlined:
🔸 A direct continuation from current levels
🔹A deeper retest of the FVG zone before resuming the uptrend
📈 Target projection: Based on the height of the inverse H&S pattern, the potential upside targets the $260–$270 area.
📉 Invalidation: A clean break below the FVG zone (~$162) would invalidate the setup and suggest a deeper retracement.
Overall, the structure remains bullish until proven otherwise. Watching the next daily closes for confirmation.
After the breakout, price is currently retesting the neckline.
This area also aligns with previous structure and trendline breakout, strengthening the case for a bullish continuation.
Two possible bullish scenarios are outlined:
🔸 A direct continuation from current levels
🔹A deeper retest of the FVG zone before resuming the uptrend
📈 Target projection: Based on the height of the inverse H&S pattern, the potential upside targets the $260–$270 area.
📉 Invalidation: A clean break below the FVG zone (~$162) would invalidate the setup and suggest a deeper retracement.
Overall, the structure remains bullish until proven otherwise. Watching the next daily closes for confirmation.
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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.
🚀Get free crypto signals, strategies, market insights & tools I personally use.
📌 t.me/cryptolvke
📌 t.me/cryptolvke
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.