Long
Inverse Head and Shoulders Pattern in Swerve (SWRV)
Hello Traders,
As you can see in Daily time frame, Swerve (OKEX:SWRVUSDT) is forming inverse head & shoulders pattern. If this pattern plays out then we can expect around 300% profit, because it is good to exit near $1 as it is psychologically important price.
Remember this is a higher time frame trade and SWRV may take weeks for breakout, be patient.
Also don't forget to manage your risk, if overall market turns bearish we has to book loss.
Leave your opinion in comment section. Follow us for related analysis.
As you can see in Daily time frame, Swerve (OKEX:SWRVUSDT) is forming inverse head & shoulders pattern. If this pattern plays out then we can expect around 300% profit, because it is good to exit near $1 as it is psychologically important price.
Remember this is a higher time frame trade and SWRV may take weeks for breakout, be patient.
Also don't forget to manage your risk, if overall market turns bearish we has to book loss.
Leave your opinion in comment section. Follow us for related analysis.
Note
Target hit with big breakout even though inverse head & shoulder pattern not played out.Congratulations to those who have waited patiently.
Trade closed: target reached
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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.
Related publications
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.