What’s potentially next for PNGUSDPangolin has corrected enough to at least form a small right shoulder o smaller time frames like 4hr chart and smaller. Still a good chance it could continue to consolidate below this neckline long enough to make a valid 1day chart shoulder as well so I figured it was worth drawing. Speculative right shoulder here n the 1 day chart. Should see soon enough how ths pans out.,t could decide to continue pumping right now but there would still be a valid shoulder to complete the h&s pattern on t he smaller time frames. *not financial advice*
PNGUSD trade ideas
Pangolin hits precise inverse head & shoulders breakout target Exact precision. You can see Pangolin pumped right up to the full target and then immediately had a significant correction on the very next candle. My guess i it will continue to correct /consolidate until its upcoming golden cross and then should see its next pump upward. Should present a good entry point when that happens *not financial advice*
PNG Pangolin potential breakoutPangolin has been in an 84 day consolidation after it's last move to .85c last February.
This coin has been flirting with the idea of breaking upwards out of it's 2.5 month range.
Indicators are looking good with a higher low on the RSI, and has now gained support ontop of the 20d MA.
I am looking for a bullish breakout of this range with volume within the next few days.
Potential targets: 85c, 1, and 1.51.
Trade with caution, this is not financial advice.