Should play out the inverted head and shoulder formation in a bull market. Bear markets just seem to ignore them. Looks to me like it's still a Bull Market but let's see how it plays out. Target noted by horizontal line, possible time lines noted in vertical lines.
Note
Well, this was flat out wrong. Big miss. Bears took over this one. What next?? I don't have a feel for it yet. Looks bearish. Looks can be deceiving. Have to watch the dollar. Cryptos are following inverse to the USD right now like a puppy dog. Risk Off. Rumors of this and that. 21 Wk exp moving average support maybe. If not, ask Chicken Little.
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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.