TRON / TetherUSShort
Declining head and shoulder pattern with a small probability of
In the daily time frame, we see the formation of a descending head and shoulder pattern. If the neckline breaks and the probability of falling as much as the head is stabilized. Expect a drop to $ 0.049 as the weekly support point of the weekly pivot, 1.618 Fibonacci and the head-to-shoulder pattern target. Personally, I hope this does not happen.
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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.